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On June 13, the board of directors of Siewert Inc. declared a 3-for-1 stock split on its 60 million, $3 par, common shares, to be
On June 13, the board of directors of Siewert Inc. declared a 3-for-1 stock split on its 60 million, $3 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $28 on June 13. Prepare the journal entry to record the stock split if it is to be effected in the form of a 100% stock dividend What is the par per share after the split
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
