Kaneb Services, Inc. has just declared a 3-for-2 stock split. The company's pre-split common stockholders' equity was as follows: If the pre-split price of common stock was $42, what will be the amount of retained earnings after the split?

Question

Kaneb Services, Inc. has just declared a 3-for-2 stock split. The company's pre-split common stockholders' equity was as follows:  If the pre-split price of common stock was $42, what will be the amount of retained earnings after the split?

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The Answer of Kaneb Services, Inc. has just declared a 3-for-2 stock split. The company's pre-split common stockholders' equity was as follows:  If the pre-split price of common stock was $42, what will be the amount of retained earnings after the split?