Assume that Milo Company's Stockholders' Equity category of the balance sheet appears as follows as of January
1, 2015:
Assume that Milo's common stock is selling at $35 per share on that date.
REQUIRED:
What is the effect on the Stockholders' Equity section of Milo's balance sheet if the company issues a 3for1
stock split on January 2, 2015?

Question

Assume that Milo Company's Stockholders' Equity category of the balance sheet appears as follows as of January
1, 2015:
  Assume that Milo's common stock is selling at $35 per share on that date.
REQUIRED:
What is the effect on the Stockholders' Equity section of Milo's balance sheet if the company issues a 3­for­1
stock split on January 2, 2015?

Quizplus · Accepted Answer

The Answer of Assume that Milo Company's Stockholders' Equity category of the balance sheet appears as follows as of January
1, 2015:
  Assume that Milo's common stock is selling at $35 per share on that date.
REQUIRED:
What is the effect on the Stockholders' Equity section of Milo's balance sheet if the company issues a 3­for­1
stock split on January 2, 2015?

Assume That Milo Company's Stockholders' Equity Category of the Balance