Bramble Corporation has 115,000 common shares outstanding with a carrying value of $24 per share. Bramble declares a 2-for-1 stock split.

QUESTIONS:

A)

How many shares are outstanding after the split?

Number of shares outstanding

shares

B)

What is the carrying value per share after the split?

Carrying value per share

$

C)

What is the total carrying value after the split?

Total carrying value

$

D)

What journal entry is necessary to record the split?

Account Titles and Explanation	Debit	Credit