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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 30
Accounting for a stock split
Decorator Plus Imports recently reported the following stockholders' equity (adapted except par value per share):
Suppose Decorator Plus split its common stock 2 for 1 in order to decrease the market price per share of its stock. The company's stock was trading at $20 per share immediately before the split.
Requirements
1. Prepare the stockholders' equity section of Decorator Plus Imports' balance sheet after the stock split.
2. Were the account balances changed or unchanged after the stock split
Decorator Plus Imports recently reported the following stockholders' equity (adapted except par value per share):
Suppose Decorator Plus split its common stock 2 for 1 in order to decrease the market price per share of its stock. The company's stock was trading at $20 per share immediately before the split.
Requirements
1. Prepare the stockholders' equity section of Decorator Plus Imports' balance sheet after the stock split.
2. Were the account balances changed or unchanged after the stock split
Explanation
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2. The Common stock account balance was ...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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