Question

Tour Golf Club Corp. had the following stockholders’ equity at December 31, 2015:
Stockholders' Equity
Paid-In Capital:
Common Stock-$2 Par Value; 650 shares
authorized, 220 shares issued and outstanding ........ $ 440
Paid-In Capital in Excess of Par—Common ......... 880
Total Paid-In Capital .................. 1,320
Retained Earnings ................... 2,800
Total Stockholders' Equity ............... $4,120
On June 30, 2016, Tour split its common stock 2-for-l. Prepare the stockholders’ equity section of the balance sheet immediately after the split. Assume the balance in retained earnings is unchanged from December 31, 2015.


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  • CreatedJune 15, 2015
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