@ COL ' (Quoting il X c E115 The Veer-end " ' 5.,J ' : ::I,t X o [Solved] introducei C = BCO123.Final Assessmenuzdf Problem 2: Stock splits (15 points) Stockholders' Eguity: 8% cumulative preferred stock, $100 par, 50,000 shares authorized; 15,000 shares issued ..................... . Common stock, $6 par, 1,500,000 shares authorized,1.000.000 shares Outstanding .............................................................................................. Additional paid-in capital: preferred stock. Additional paid-in capital: common stock.. Retained earnings ................................................................................... Given the stockholders' equity section above: x $1,500,000 6,000,000 260,000 3,600,000 2,360,000 9 instructlon: Based a. Compute the effect of a 2 to 1 split on the par value and number shares of common stock. (5 points) b. Compute the effect of a 4 to 1 split on the par value and number shares of common stock. (5 points) c. Does the stock split have any effect on the company's stockholders' equity? (5 points) 4 ,0 Type here to search x +