Question: Problem 10-07 What effect will a two-for-one stock split have on the following items found on a firm's financial statements? a. Earnings per share $4.10.

 Problem 10-07 What effect will a two-for-one stock split have on

Problem 10-07 What effect will a two-for-one stock split have on the following items found on a firm's financial statements? a. Earnings per share $4.10. Round your answer to the nearest cent. Initial amount New amount Effect $4.10 $ -Select- b. Total equity $12,000,000. Round your answer to the nearest dollar. New amount Effect Initial amount $12,000,000 $ -Select- c. Long-term debt $4,100,000. Round your answer to the nearest dollar. New amount Initial amount $4,100,000 Effect -Select- $ d. Additional paid-in capital $1,440,000. Round your answer to the nearest dollar. Initial amount New amount Effect $1,440,000 $ -Select- e. Number of shares outstanding 1,000,000. Round your answer to the nearest whole number. New amount Effect Initial amount 1,000,000 -Select- f. Earnings $4,100,000. Round your answer to the nearest dollar. New amount Effect Initial amount $4,100,000 $ -Select

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