Question

Snake Golf Club Corp. had the following stockholders’ equity at December 31, 2013:
Stockholders’ Equity
Paid- In Capital:
Common Stock—$ 1 Par Value; 650 shares authorized,
290 shares issued and outstanding ........... $ 290
Paid- In Capital in Excess of Par— Common ...... 580
Total Paid- In Capital ................ 870
Retained Earnings .................. 2,900
Total Stockholders’ Equity ............. $ 3,770
On June 30, 2014, Snake split its common stock 2-for-1.
Prepare the stockholders’ equity section of the balance sheet immediately after the split. Assume the balance in retained earnings is unchanged from December 31, 2013.



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  • CreatedJanuary 16, 2015
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