Question
ABC Company stock price is at $500 per share. ABC is considering a small stock dividend and a stock split. For each of the scenarios
ABC Company stock price is at $500 per share. ABC is considering a small stock dividend and a stock split. For each of the scenarios below, assume there are 200,000 shares outstanding, the par value of each share is $0.50.
What is the journal entry if the company declares a 10% stock dividend?
What is the journal entry if the company declares a 5 for 1 stock split? What will be the share price after this stock split?
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
