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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Data Recording

The process of collecting and entering data into a recording system or database for analysis, storage, or documentation purposes.

Standard of Care

A benchmark for the level of care, treatment, and services that healthcare practitioners are expected to provide to patients, based on current professional knowledge and expertise.

Auscultation of Breath Sounds

The act of listening to the sounds of the lungs using a stethoscope to assess respiratory health.

Adventitious Sounds

Abnormal sounds heard during respiration, such as wheezes or crackles, which can indicate respiratory conditions or diseases.