solartech inc had the following shareholders equity at january 31 dollars in million 4374276

Solartech Inc. had the following shareholders’ equity at January 31 (dollars in millions): Common shares, 500 million shares authorized, 440 million shares issued…………………………………………………………….. $ 318 Contributed surplus………………………………………………………………………… 44 Retained earnings………………………………………………………………………. 2,393 Total shareholders’ equity…………………………………………………………. $2,755 Assume that on March 7, Solartech split its common shares 2 for 1. Prepare the shareholders’ equity section of the balance sheet immediately after the split. View Solution:
Solartech Inc had the following shareholders equity at January 31

"Looking for a Similar yet Original Assignment? Order now and Get a Discount!

Get better grades effortlessly,
It’s cheaper than you might think

Effortlessly get the essays and grades you need. You can now get any essay, on any subject and at ANY deadline with just 10 minutes of your time (or less). Your professor will love you for it!