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Category > Accounting Posted 21 Aug 2017 My Price 4.00

Holton Company

E16-6      Stock Split  Holton Company currently has 9,000 shares of $12 par common stock outstanding that had been issued at an average price of $60 per share. It declares a three-for-one stock split.

Required

Prepare whatever entry is necessary to record the stock split, assuming the following independent  alternatives:

1.      The par value is reduced to $4 per share.

2.      The par value is reduced to $6 per share.

3.      The par value is reduced to $3 per share.

 

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Maurice Tutor
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Status NEW Posted 21 Aug 2017 03:08 PM My Price 4.00

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