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2. The records of Dixie Corporation showed the following balances on November 1, 2020. Common stock, $10 par, 30,000 shares outstanding Paid-in capital in
2. The records of Dixie Corporation showed the following balances on November 1, 2020. Common stock, $10 par, 30,000 shares outstanding Paid-in capital in excess of par Retained earnings The fair value of its stock is $18 per share. $300,000 $102,000 $200,000 For each of the following three separate scenarios, (1) record the journal entry and (2) determine the total number of shares and the par value per share after the stock split. a. The company declares (November 1, 2020) and issues (November 20, 2020) a 2-for-1 stock split. Date Nov. 1, 2020 Nov. 20, 2020 Account Name Total number of shares after stock split Par value per share after stock split Dr. Cr.
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