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
Authors: Michael J. Jones
2nd Edition
0470017791, 978-0470017791
