On June 13, the board of directors of Siewert Incorporated declared a 2-for-1 stock split on...

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On June 13, the board of directors of Siewert Incorporated declared a 2-for-1 stock split on its 40 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $15 on June 13. Prepare a journal entry that summarizes the declaration and distribution of 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? Complete this question by entering your answers in the tabs below. General Journal Par value On June 13, the board of directors of Siewert Incorporated declared a 2-for-1 stock split on its 40 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $15 on June 13. Prepare a journal entry that summarizes the declaration and distribution of 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? Complete this question by entering your answers in the tabs below. General Journal Par value