Problem 10 07 What effect will a three for one stock split have on the following items found on a firm's financial statements Earnings per share $3 90 Round your answer to the nearest cent Initial amount New amount Effect $3 90 $ Select increasedecreaseno changeItem 2 Total equity $11,000,000 Round your answer to the nearest dollar Initial amount New amount Effect $11,000,000 $ 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 $1,628,000 Round your answer to the nearest dollar Initial amount New amount Effect $1,628,000 $ Select increasedecreaseno changeItem 8 Number of shares outstanding 1,000,000 Round your answer to the nearest whole number Initial amount New amount Effect 1,000,000 Select increasedecreaseno changeItem 10 Earnings $3,900,000 Round your answer to the nearest dollar Initial amount New amount Effect $3,900,000 $ Select increasedecreaseno changeItem 12

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Question: Problem 10-07 What effect will a three-for-one stock split have on the following items found on a firm's financial statements? Earnings per share $3.90. Round

Problem 10-07

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

Earnings per share $3.90. Round your answer to the nearest cent.

Initial amount New amount Effect

$3.90 $ -Select-increasedecreaseno changeItem 2
Total equity $11,000,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$11,000,000 $ -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 $1,628,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$1,628,000 $ -Select-increasedecreaseno changeItem 8
Number of shares outstanding 1,000,000. Round your answer to the nearest whole number.

Initial amount New amount Effect

1,000,000 -Select-increasedecreaseno changeItem 10
Earnings $3,900,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$3,900,000 $ -Select-increasedecreaseno changeItem 12

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Initial amount	New amount	Effect
$3.90	$	-Select-increasedecreaseno changeItem 2