Problem 10 07 What effect will a four for one stock split have on the following items found on a firm's financial statements Earnings per share $4 78 Round your answer to the nearest cent Initial amount New amount Effect $4 78 $ Select increasedecreaseno changeItem 2 Total equity $12,000,000 Round your answer to the nearest dollar Initial amount New amount Effect $12,000,000 $ Select increasedecreaseno changeItem 4 Long term debt $4,400,000 Round your answer to the nearest dollar Initial amount New amount Effect $4,400,000 $ Select increasedecreaseno changeItem 6 Additional paid in capital $1,405,000 Round your answer to the nearest dollar Initial amount New amount Effect $1,405,000 $ Select increasedecreaseno changeItem 8 Number of shares outstanding 900,000 Round your answer to the nearest whole number Initial amount New amount Effect 900,000 Select increasedecreaseno changeItem 10 Earnings $4,300,000 Round your answer to the nearest dollar Initial amount New amount Effect $4,300,000 $ Select increasedecreaseno changeItem 12

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Question: Problem 10-07 What effect will a four-for-one stock split have on the following items found on a firm's financial statements? Earnings per share $4.78. Round

Problem 10-07

What effect will a four-for-one stock split have on the following items found on a firm's financial statements?

Earnings per share $4.78. Round your answer to the nearest cent.

Initial amount New amount Effect

$4.78 $ -Select-increasedecreaseno changeItem 2
Total equity $12,000,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$12,000,000 $ -Select-increasedecreaseno changeItem 4
Long-term debt $4,400,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$4,400,000 $ -Select-increasedecreaseno changeItem 6
Additional paid-in capital $1,405,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$1,405,000 $ -Select-increasedecreaseno changeItem 8
Number of shares outstanding 900,000. Round your answer to the nearest whole number.

Initial amount New amount Effect

900,000 -Select-increasedecreaseno changeItem 10
Earnings $4,300,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$4,300,000 $ -Select-increasedecreaseno changeItem 12

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Initial amount	New amount	Effect
$4.78	$	-Select-increasedecreaseno changeItem 2