Question: An annual report of Pacific Foods Company included the following

An annual report of Pacific Foods Company included the following in the statement of consolidated retained earnings:
Charge for stock split ......... $4,401,000
The balance sheets before and after the split showed the following:


Define stock split. What did Pacific Foods do to achieve its stock split? Does this conflict with your definition? Explainfully.
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  • CreatedFebruary 20, 2015
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