Clublink Corp had the following stockholders equity at October 31 (dollars in millions, except par value per share) Stockholders Equity Common stock , $1 50 par, 750 million shares authorized, 420 million shares issued $ 630 Additional paid in capital 318 Retained earnings 2,399 Other equity (148) ...

Stockholders equity Millions Common stock 050 p ...

Clublink Corp. had the following stockholders equity at October 31 (dollars in millions, except par value per

Question:

Clublink Corp. had the following stockholders’ equity at October 31 (dollars in millions, except per share):
Stockholders’ Equity
, $1.50 par, 750 million shares
authorized, 420 million shares issued.............. $ 630
Additional paid-in capital.................................. 318
Retained earnings............................................ 2,399
Other equity...................................................... (148)
Total stockholders equity.................................. $3,199
On December 6, Clublink split its $1.50 par common stock 3-for-1.

Requirement
1. Prepare the stockholders equity section of the immediately after the split.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...