Question: What effect ill a three-for-one stock split have on the following items found on a firm's financial statements a. Earnings per share $3.45. Round your
What effect ill a three-for-one stock split have on the following items found on a firm's financial statements a. Earnings per share $3.45. Round your answer to the nearest cent. Initial amount New amount Effect $3.45 increase b. Total equity $8,000,000. Round your anstechange decrease rest dollar. Initial amount New amount Effect $8,000,000 -Select- c. Long-term debt $4,500,000. Round your answer to the nearest dollar. Initial amountNew amount $4,500,000 Effect Select- d. Additional paid-in capital $1,675,000. Round your answer to the nearest dollar. Initial amount New amount $1,675,000 Number of shares outstanding 1,100,000. Round your answer to the nearest whole number. Initial amount New amount 1,100,000 Effect -Select- e. Effect -Select- f. Earnings $3,800,000. Round your answer to the nearest dollar. Initial amount New amount Effect $3,800,000 Select-l
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