The following note related to equity was reported in Wiebold, Inc.’s (USA) annual report. On February 1, the Board of Directors declared a 3-for-2 share split, distributed on February 22 to shareholders of record on February 10. Accordingly, all numbers of common (ordinary) shares, except unissued shares and treasury shares, and all per share data have been restated to reflect this share split. On the basis of amounts declared and paid, the annualized quarterly dividends per share were $0.80 in the current year and $0.75 in the prior year.

Instructions
(a) What is the significance of the date of record and the date of distribution?
(b) Why might Weibold have declared a 3-for-2 for share split?
(c) What impact does Wiebold’s share split have on?
(1) Total equity,
(2) Total par value,
(3) Outstanding shares,
(4) Book value per share?