FINAN. AND MANAGERIAL ACCT. CONNECT+PROC
FINAN. AND MANAGERIAL ACCT. CONNECT+PROC
9th Edition
ISBN: 9781265925239
Author: Wild
Publisher: MCG CUSTOM
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Chapter 11, Problem 9E

(1)

To determine

Concept Introduction:

Stockholders’ equity: Stockholders' equity includes the assets that remain with a company after all liabilities have been paid. To determine the value of stockholder’s equity the value of total liabilities is subtracted from total assets.

To prepare: The stockholder’s equity section.

(2)

To determine

Concept Introduction:

Shares outstanding: The stock that all of a company's shareholders now own is referred to as shares outstanding. The number of shares outstanding for a corporation is not constant and can change frequently over time.

The number of shares outstanding after the split.

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Chapter 11 Solutions

FINAN. AND MANAGERIAL ACCT. CONNECT+PROC