What effect will a one for three stock split have on the following items found on a firm's financial statements Earnings per share $3 33 Round your answer to the nearest cent Initial amount New amount Effect $3 33 $ Select increasedecreaseno changeItem 2 Total equity $8,000,000 Round your answer to the nearest dollar Initial amount New amount Effect $8,000,000 $ Select increasedecreaseno changeItem 4 Long term debt $4,200,000 Round your answer to the nearest dollar Initial amount New amount Effect $4,200,000 $ Select increasedecreaseno changeItem 6 Additional paid in capital $1,572,000 Round your answer to the nearest dollar Initial amount New amount Effect $1,572,000 $ Select increasedecreaseno changeItem 8 Number of shares outstanding 1,200,000 Round your answer to the nearest whole number Initial amount New amount Effect 1,200,000 Select increasedecreaseno changeItem 10 Earnings $4,000,000 Round your answer to the nearest dollar Initial amount New amount Effect $4,000,000 $ Select increasedecreaseno changeItem 12

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Question: What effect will a one-for-three stock split have on the following items found on a firm's financial statements? Earnings per share $3.33. Round your answer

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

Earnings per share $3.33. Round your answer to the nearest cent.

Initial amount	New amount	Effect
$3.33	$	-Select-increasedecreaseno changeItem 2

Total equity $8,000,000. Round your answer to the nearest dollar.

Initial amount	New amount	Effect
$8,000,000	$	-Select-increasedecreaseno changeItem 4

Long-term debt $4,200,000. Round your answer to the nearest dollar.

Initial amount	New amount	Effect
$4,200,000	$	-Select-increasedecreaseno changeItem 6

Additional paid-in capital $1,572,000. Round your answer to the nearest dollar.

Initial amount	New amount	Effect
$1,572,000	$	-Select-increasedecreaseno changeItem 8

Number of shares outstanding 1,200,000. Round your answer to the nearest whole number.

Initial amount	New amount	Effect
1,200,000		-Select-increasedecreaseno changeItem 10

Earnings $4,000,000. Round your answer to the nearest dollar.

Initial amount	New amount	Effect
$4,000,000	$	-Select-increasedecreaseno changeItem 12

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