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Recording Stock Dividends and Stock Splits The records of Dixie Corporation showed the following balances on November 1 , 2 0 2 0 . The
Recording Stock Dividends and Stock Splits
The records of Dixie Corporation showed the following balances on November
The fair value of its stock is $ per share.
For each of the following three separate scenarios, record the journal entry and determine the total number of shares and the par value per share after the stock split.
d The company declares November and issues November a for stock split.
e The company declares November and issues November a for stock split.
f The company declares November and issues November a for reverse stock split.
Note: List multiple debits when applicable in alphabetical order and list multiple credits when applicable in alphabetical order.
Note: If a journal entry isn't required for the transaction, select NA as the account names and leave the Dr and Cr answers blank zero
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