The shareholders' equity section of the balance sheet of the XYZ Corp.is as follows: $$\begin{array} { l r }
\text { Common stock } & \$ 20,000,000 \
\text { Retained earnings } & \$ 176,000,000 \
\text { Total } & \$ 196,000,000
\end{array}$$ If the company now splits its stock 5-for-1,which of the following is correct?

Question

The shareholders' equity section of the balance sheet of the XYZ Corp.is as follows: $$\begin{array} { l r } 
\text { Common stock } & \$ 20,000,000 \
\text { Retained earnings } & \$ 176,000,000 \
\text { Total } & \$ 196,000,000
\end{array}$$ If the company now splits its stock 5-for-1,which of the following is correct?

Quizplus · Accepted Answer

The Answer of The shareholders' equity section of the balance sheet of the XYZ Corp.is as follows: $$\begin{array} { l r } 
\text { Common stock } & \$ 20,000,000 \
\text { Retained earnings } & \$ 176,000,000 \
\text { Total } & \$ 196,000,000
\end{array}$$ If the company now splits its stock 5-for-1,which of the following is correct?

The Shareholders' Equity Section of the Balance Sheet of the XYZ