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Category > Accounting Posted 06 May 2017 My Price 7.00

Stock split

Stock split

Refer to the situation described in BE 18–13, but assume a 2-for-1 stock split instead of the 5% stock dividend. Prepare the journal entry to record the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split?

BE 18–13

Stock dividend

On June 13, the board of directors of Siewert Inc. declared a 5% stock dividend on its 60 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $25 on June 13. Prepare the journal entry to record the stock dividend

 

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Alpha Geek
(8)
Status NEW Posted 06 May 2017 04:05 PM My Price 7.00

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Attachments

file 1494088438-1849501_1_636295805323011564_stock-divdend-stock-split.xlsx preview (167 words )
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