What effect will a two for one stock split have on the following items found on a firm's financial statements Earnings per share $5 37 Round your answer to the nearest cent Initial amount New amount Effect $5 37 $ increase, decrease, or no change Total equity $9,000,000 Round your answer to the nearest dollar Initial amount New amount Effect $9,000,000 $ increase, decrease, or no change Long term debt $4,400,000 Round your answer to the nearest dollar Initial amount New amount Effect $4,400,000 $ increase, decrease, or no change Additional paid in capital $1,692,000 Round your answer to the nearest dollar Initial amount New amount Effect $1,692,000 $ increase, decrease, or no change Number of shares outstanding 800,000 Round your answer to the nearest whole number Initial amount New amount Effect 800,000 increase, decrease, or no change Earnings $4,300,000 Round your answer to the nearest dollar Initial amount New amount Effect $4,300,000 $ increase, decrease, or no change

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Question: What effect will a two-for-one stock split have on the following items found on a firm's financial statements? Earnings per share $5.37. Round your answer

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

Earnings per share $5.37. Round your answer to the nearest cent.

Initial amount New amount Effect

$5.37 $ increase, decrease, or no change
Total equity $9,000,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$9,000,000 $ increase, decrease, or no change
Long-term debt $4,400,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$4,400,000 $ increase, decrease, or no change
Additional paid-in capital $1,692,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$1,692,000 $ increase, decrease, or no change
Number of shares outstanding 800,000. Round your answer to the nearest whole number.

Initial amount New amount Effect

800,000 increase, decrease, or no change
Earnings $4,300,000. Round your answer to the nearest dollar.

Initial amount New amount Effect

$4,300,000 $ increase, decrease, or no change

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Initial amount	New amount	Effect
$5.37	$	increase, decrease, or no change