0 w Forward Stock Split On March of the current year, Sentry Corporation has 490 000 shares of $28 par value common stock that are sued and outstanding The general ledger shows the following account balances relating to the common stock Common stock $13 720,000 Paid in capital in excess of Dar 4300 000 On March 2, Sentry Corporation splits its stock 2 for 1 and reduces the par value to 514 per share 3 How many shares of common stock are issued and outstanding immediately following the stock split 0 shares b What is the balance in the Common Stock account immediately following the stock split 50 What is the balance in the Paid in Capital in Excess of Par Value account immediately following the stock split

Question

0  w Forward Stock Split On March of the current year, Sentry Corporation has 490 000 shares of $28 par value common stock that are sued and outstanding  The general ledger shows the following account balances relating to the common stock Common stock $13 720,000 Paid in capital in excess of Dar 4300 000 On March 2, Sentry Corporation splits its stock 2 for 1 and reduces the par value to 514 per share 3  How many shares of common stock are issued and outstanding immediately following the stock split  0 shares b  What is the balance in the Common Stock account immediately following the stock split 50 What is the balance in the Paid in Capital in Excess of Par Value account immediately following the stock split

Accepted Answer

The Answer is in the image, click to view ...

Question

0! w Forward Stock Split On March of the current year, Sentry Corporation has 490.000 shares of $28 par value common stock that are sued

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question