What effect will a two-for-one stock split have on
the following items found on a firm's financial statements?
1. earnings per share $4.20
1. earnings per share $4.20
2. total equity $10,000,000
3. long-term debt $4,300,000
3. long-term debt $4,300,000
4. additional paid-in capital $1,534,000
5. number of shares outstanding 1,000,000
5. number of shares outstanding 1,000,000
6. earnings $4,200,000
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