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On July 31,2018,Baldwin,Inc Assume That Baldwin Splits Its Common Stock 3-For-1

Question 185

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On July 31,2018,Baldwin,Inc.reported the following information in the equity section of their balance sheet:
 Stockholders’ Equity:  Common Stock, $1.00 par, 500,000 shares authorized,20,000 shares issued  and outstanding $20,000 Paid-In Capital in Excess of Par-Common 3,180,000 Retained Earnings 3,200,000 Total Stockholder’s Equity $4,400,000\begin{array} { | l | r | } \hline \text { Stockholders' Equity: } & \\\hline \begin{array} { l } \text { Common Stock, } \$ 1.00 \text { par, } 500,000 \text { shares authorized,20,000 shares issued } \\\text { and outstanding }\end{array} & \$ 20,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & 3,180,000 \\\hline \text { Retained Earnings } & 3,200,000\\\hline\text { Total Stockholder's Equity }&\$ 4,400,000 \\\hline \end{array} Assume that Baldwin splits its common stock 3-for-1.Prepare an equity section of the balance sheet that shows the effects of the stock split.(Please round all numbers to the nearest cent.)

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Stockholders' equity:
Common stock,$0.33...

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