Question

Decor and More imports recently reported the following stockholders' equity Click the icon to view the data) Suppose Decor and More split is common stock 2-for-1 in order to decrease the market prion per share of its stock. The company's stock was trading of 317 per share immediately before the spilt Read the requirements Requirement 1. Prepare the stockholders' equily section of the Decor and More Imports balance sheet after the stock uplt. Select the labels and then enter the amounts to complete the stockholders' equity section of the balance sheet. © Data Table Decor and More Imports Balance Sheet (Partial) Stockholders' Equity Pald-in Capital Stockholders' Equity Paid-in Capital Common stock $1 Par Value; 490,000,000 shares authorized, 119,000,000 shares issued and outstanding Paid in Capital in Excess of Par-Common Total Paid-in Capital Retained Earrings Total Stockholders' Equity 119,000,000 148,000,000 Total Paid-in Capital 267,000,000 654.000.000 921,000,000 $ Total Stockholders' Equity Print Done

Answer 1

Answer Décor and More Imports Balance Sheet (Partial) Stockholder's Equity Paid-in Capital: Common Stock - $0.50 Par Value; 490,000,000 shares authorized, 238,000,000 shares issued and outstanding $11,90,00,000 Paid-in Capital in Excess of Par - Common $14,80,00,000 Total Paid-in Capital Retained Earnings Total Stockholder's Equity $26,70,00,000 $65,40,00,000 $92,10,00,000 **Common Stock after Stock-Split = 119,000,000 x 2/1 = 238,000,000 shares