1/24/2020 Assignment View Award 2.00 points Hanmi Financial Corporation is the parent company of Harmank. The company's stock wat was announced in the following wire LOS ANGELES (BUSINESS WIRE) Jan20Han Financial Corporation Nadal announced that the Board of Directors has approved a two for one stock split, to be affected in the form of a 100 percent common stock dividend. Han Financial Corporation stockholders of record at the close of business on January 31 will receive one additional share of common stock for every share of common stock then held. Distribution of additional shares issued as a result of the split is expected to occur on or about February 15 At the time of the stock split, 24.5 million shares of common stock, 3.001 por per share, were outstanding Required: 1. Prepare the journal entry any, that Hari recorded at the time of the stocks 2. Ham's stock price had been at theme of the set what would be approxima te the other things equal Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare the journal entry, if any, that Hanmi recorded at the time of the stock split. (If no entry is required for a transaction/event, select "No journal entry required in the first account feld. Enter your answers in whole dollars.) View transaction list View journal entry worksheet Event Debit Credit No 1 2 General Journal Paid in capital excess of par Common stock ( Required 1 Required 3 Assignment Print View 1. Award 200 points Harvni Financial Corporation is the parent company of Harmi Bank. The company's stock split was announced in the following wire: LOS ANGELES BUSINESS WIRE) Jan, 20 Hanni Financial Corporation (Nasdan), announced that the Board of Directors has approved a two for one stock spin, to be effected in the form of a 100 percent common stock dividend. Hanmi Financial Corporation hears of record at the close of business on January 31 will receive one additional share of common stock for every share of We stock then held. Distribution of additional shares issued as a result of the split is expected to occur on or about February 15 Al the time of the stock split, 24.5 million shares of common stock, 9.001 par per share, were outstanding Required: 1. Prepare the journal entry, if any, that Hanmi recorded at the time of the stock split. 3. If Hanmi's stock price had been $36 at the time of the split, what would be its approximate value after the split (other things equal? Complete this question by entering your answers in the tabs below. Required 1 Required 3 If Hanmi's stock price had been $36 at the time of the split, what would be its approximate value after the split (other things equal)? (Enter your answer in dollars.) Approximate value per share Required 1 Required 3 > References General Journal Difficulty: 3 Hard Learning Objective: 18-08 Explain stock dividends and stock splits and how we account for them
