On September 1, 2017, Hood River, Inc. announced a 3-for-2 stock split, in the form of a dividend, to be distributed on September 30, 2017, to stockholders of record on September 12, 2017.
a. What is a 3-for-2 stock split?
b. How will Hood River , Inc. balance sheet be affected by this split?

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The Answer of On September 1, 2017, Hood River, Inc. announced a 3-for-2 stock split, in the form of a dividend, to be distributed on September 30, 2017, to stockholders of record on September 12, 2017.
a. What is a 3-for-2 stock split?
b. How will Hood River , Inc. balance sheet be affected by this split?