Carney Services, Inc., has just declared a 2-for-1 stock split. The company's pre-split common stockholders' equity was as follows:
If the pre-split price of common stock was $28.50, what will the new common equity section of the balance sheet look like?

Question

Carney Services, Inc., has just declared a 2-for-1 stock split. The company's pre-split common stockholders' equity was as follows: 
  If the pre-split price of common stock was $28.50, what will the new common equity section of the balance sheet look like?

Quizplus · Accepted Answer

The Answer of Carney Services, Inc., has just declared a 2-for-1 stock split. The company's pre-split common stockholders' equity was as follows: 
  If the pre-split price of common stock was $28.50, what will the new common equity section of the balance sheet look like?