What effect will a three-for-one stock split have on the following items found on a firm's financial statements? a.) Earnings per share $9.10 b.) Total equity $12,000,000 c.) Long-term debt $4,300,000 d.) Additional paid-in-capital $2,645,000 e.) Number of shares outstanding 1,000,000 f.) Earnings $5,300,000
What effect will a three-for-one stock split have on the following items found on a firm's financial statements? a.) Earnings per share $9.10 b.) Total equity $12,000,000 c.) Long-term debt $4,300,000 d.) Additional paid-in-capital $2,645,000 e.) Number of shares outstanding 1,000,000 f.) Earnings $5,300,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 5MCQ
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What effect will a three-for-one stock split have on the following items found on a firm's financial statements?
a.) Earnings per share $9.10
b.) Total equity $12,000,000
c.) Long-term debt $4,300,000
d.) Additional paid-in-capital $2,645,000
e.) Number of shares outstanding 1,000,000
f.) Earnings $5,300,000
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