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What adjustments will Monster Beverage Corporation make

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Question - The following is taken from a Monster Beverage press release dated October 14, 2016.

Monster Beverage Corporation today announced that its Board of Directors has approved a 3-for-1 split of its common stock which will be effected in the form of a 200% stock dividend. The additional shares will be distributed on November 9, 2016 to stockholders of record at the close of business (Eastern Time) on October 26, 2016. The Company anticipates its common stock to begin trading at the split-adjusted price on November 10, 2016. Upon completion of the stock split, the number of outstanding shares of the Company's common stock will triple to approximately 571 million shares.

The Monster Beverage common stock has a par value of $0.005. What adjustments will Monster Beverage Corporation make to its balance sheet as a result of the stock split?

Reference no: EM132614419

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