Please help me with my homework !! Home Dcor Imports...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Please help me with my homework !!
Home Dcor Imports recently reported the following stockholders' equity: Click the icon to view the data.) Suppose Home Dcor split its common stock 2-for-1 in order to decrease the market price per share of its stock Read the requirements. Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Requirement 2. Were the account balances changed or unchanged after the stock split? The Common stock account balance was The Paid-in capital in excess of par account balance was The Retained earnings account balance was The total stockholders' equity was TO Requirements 1. Prepare the stockholders' equity section of the Home Dcor Imports balance sheet after the stock split. 2. Were the account balances changed or unchanged after the stock split? Print Done Stockholders' Equity Paid-In Capital: Common stock-$1 Par Value; 460,000,000 shares authorized, 123,000,000 shares issued and outstanding $ Paid-In Capital in Excess of Par-Common Total Paid-In Capital 123,000,000 153,000,000 Retained Earnings 276,000,000 646,000,000 Total Stockholders' Equity 922,000,000 Print Done
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
