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Which shareholders equity account was affected by the split

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Reference no: EM132988475

Problem 1: Hormel performed a two-for-one stock split distributed on February 9, 2016. As a result, par value per share declined from $.0293 to $.01465. Which shareholders' equity account was affected by the split and by how much?

Select one:

a. Additional other comprehensive loss was credited by approximately $15,485.
b. Additional other comprehensive loss was debited by approximately $7,742.
c. Retained earnings was debited by approximately $7,742.
d. Common stock, par was credited by approximately $1.
e. No effect on any shareholders' equity account.
f. Retained earnings was credited by approximately $15,485.

Reference no: EM132988475

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