Koko 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?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 13PB: You are a consultant working with various companies that are considering incorporating and listing...
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Koko 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? Show all of your calculation work and label all of your work so I can follow your calculation process.

 

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ISBN:
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