Question
Stock Split The Board of Directors of Dazzle Corp declared a 4 / 1 Stock Split Common Stock, $4.00 p.v., 800,000 shares issued and outstanding.Total
Stock Split
The Board of Directors of Dazzle Corp declared a 4 / 1 Stock Split
Common Stock, $4.00 p.v., 800,000 shares issued and outstanding.Total Paid In Capital before the split = $3,450,000Current market price = $120.00 share.
REQUIRED:
1) Record the Journal Entry for the split.
2) Describe in detail, the effects of the stock split.
3) How muchis the total paid-in capital after the split ?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
3rd edition
9781337909402, 978-1337788281
