Question

Decorator Plus Imports recently reported the following stockholders’ equity:


Suppose Decorator Plus split its common stock 2-for-1 in order to decrease the market price per share of its stock. The company’s stock was trading at $ 20 per share immediately before the split.

Requirements
1. Prepare the stockholders’ equity section of the Decorator Plus Imports balance sheet after the stock split.
2. Were the account balances changed or unchanged after the stocksplit?


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  • CreatedJanuary 16, 2015
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