[GNC] Stock Split - am I doing this right?

[Jack Frillman]

I used the stock split tool under the tool menu and all I entered was the number of shares that should be added. There’s an option to enter the price too but I didn’t enter anything for it.
I did this for the Amazon & Google splits and it worked fine. I didn’t have to calculate anything 

——
I smell carrots a-cooking and where there’s carrots, there’s a rabbit.
— Yosemite Sam

> On Jul 30, 2022, at 7:11 PM, replicon <replicon at gmail.com> wrote:
> 
> I'm trying to capture the AMZN stock split that took place a while back.
> 
> I was surprised by the UI, since instead of "enter split ratio" or
> something like that, it wants me to manually calculate additional stock.
> 
> Is the correct way to do it:
> 
>   - Multiply stock holdings by 19, and add that as additional stock (since
>   it's 20-to-1)
>   - Set the "new price" to the value it had when the split occurred
> 
> My concern is, since stock purchases we track in GNUCash include the basis,
> doesn't the stock split tool cause it to lose track of cost basis?
> 
> I imagine the correct way to track things like capital gains is that any
> transaction where stock was received at a certain price should be
> supplanted with a new transaction for 20x that much stock, at 1/20 of the
> value at time of receipt. Is that not correct? Or is that actually
> happening under the hood without my noticing?
> 
> Thanks!
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