Problemprezarios has 25000 shares of stock outstanding with, Ask an Expert

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Prezario's has 25,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $847,000. Currently, the retained earnings account balance is $428,000 and the capital in excess of par value account balance is $187,000. The company just announced a 3-for-1 stock split.

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Question: What is the common stock account balance after the stock split?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170023

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