How will a stock split impact Under Armour’s stockholders’ equity?

How will a stock split impact Under Armour’s stockholders’ equity? Original blog posting (May 23, 2014)

Under Armourannounces a two-for-one stock split • Made the announcement on March 17, 2014 • Additional shares issued as a result of the stock split will be distributed on or about April 14, 2014 to stockholders of record on March 28, 2014

Question 1 What accounts will likely be debited and credited in the journal entry (if any) that Under Armour makes to record this stock split?

Question 2 How does this stock split affect Under Armour’s stockholders’ equity? What specific accounts (if any) are affected by this stock split?

Question 3 What is meant by “stockholders of record”?

Question Recap • What accounts will likely be debited and credited in the journal entry (if any) that Under Armour makes to record this stock split? • How does this stock split affect Under Armour’s stockholders’ equity? What specific accounts (if any) are affected by this stock split? • What is meant by “stockholders of record”?

For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at http://accountingintheheadlines.com/Related video resources can be found at http://www.youtube.com/user/accountingheadlinesQuestions or comments? Contact Dr. Wendy Tietz at wtietz@kent.edu

How will a stock split impact Under Armour’s stockholders’ equity?