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

question 119

Essay

On July 31,2018,Baldwin,Inc.reported the following information in the equity section of their balance sheet:
$$\begin{array} { | l | r | } \hline \text { Stockholders' Equity: } & \\\hline \begin{array} { l } \text { Common Stock, } \$ 1.00 \text { par, } 500,000 \text { shares authorized,20,000 shares issued } \\\text { and outstanding }\end{array} & \$ 20,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & 3,180,000 \\\hline \text { Retained Earnings } & 3,200,000\\\hline\text { Total Stockholder's Equity }&\$ 4,400,000 \\\hline \end{array}$$ 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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Definitions:

Ground-Faults

Ground-faults occur when an unintended path forms in an electrical circuit, allowing current to flow directly to the ground, potentially causing shocks or fires.

Short-Circuit

A fault in an electrical circuit where the current goes through an unintended path, often resulting in excessive current flow that can cause damage or fire.

Ungrounded Phase Conductors

These are electrical conductors that are part of a phase in a multi-phase system and do not have a direct electrical connection to ground, potentially leading to unsafe operating conditions if not managed properly.

Power Supply System

The system that provides electrical power to devices, converting electrical energy from one form to another if necessary.