What effect will a two-for-one stock split have on the, Ask an Expert

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What effect will a two-for-one stock split have on the following items found on a firm's financial statements?

1. Earnings per share $4.20

2. Total equity $10,000,000

3. Long-term debt $4,300,000

4. Additional paid-in capital $1,534,000

5. Number of shares outstanding 1,000,000

6. Earnings $4,200,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797427

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