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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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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
134460826, 134460820, 9780134524818 , 978-0134526270
