Question:

Assume Giacomo decides to execute a 7:4 stock split. What will be the new par value of Giacomo's stock?

On December 31st, Year 1, Giacomo decides that its stock price is too high, so it declares and distributes a 75% stock dividend on all outstanding shares. Giacomo's common stock is trading for $12 per share on December 31st, Year 1. Answer the following question related to the journal entry Giacomo will make on December 31st, Year 1 to record this stock dividend. If an account listed is not impacted, put "0". If there is no journal entry to record this transaction, put "0" for all listed options. There will be a... - Debit to Retained Earnings for - Credit to Common Stock for - Credit to Additional Paid-In Capital for