Peter & Paul Chocolatiers have the following equity status: Preferred Stock $500,000 Common Stock (500,000 shares at

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Peter & Paul Chocolatiers have the following equity status:
Preferred Stock $500,000
Common Stock (500,000 shares at $4 par) $2,000,000
Paid-in Capital in excess of par $200,000

Retained Earnings $700,000
Total Stockholders’ equity $3,400,000
What would be the change if any if the firm declares a 6-for-1 stock split?

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Jun 07, 2023 06:56 AM

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Peter & Paul Chocolatiers have the following equity status: Preferred Stock $500,000 Common Stock (500,000 shares at

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Intermediate Accounting Reporting and Analysis

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