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 $4.10. Round your answer to the nearest cent. Initial amount New amount Effect $4.10 $

increase Total equity $11,000,000. Round your answer to the nearest dollar. Initial amount New amount Effect $11,000,000 $

decrease Long-term debt $4,200,000. Round your answer to the nearest dollar. Initial amount New amount Effect $4,200,000 $

no change Additional paid-in capital $1,638,000. Round your answer to the nearest dollar. Initial amount New amount Effect $1,638,000 $

-Select- Number of shares outstanding 1,000,000. Round your answer to the nearest whole number. Initial amount New amount Effect 1,000,000

-Select- Earnings $4,100,000. Round your answer to the nearest dollar. Initial amount New amount Effect $4,100,000 $

-Select-