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u Recora the entry to record payment of the note at maturity Chapter 13 - Accounting for Corporations 13. Greene-1, Corp has 50,000 shares outstanding

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u Recora the entry to record payment of the note at maturity Chapter 13 - Accounting for Corporations 13. Greene-1, Corp has 50,000 shares outstanding with a par value of $2.00. Its Board of Directors declares 5 for 4 stock split. Determine the final number of shares and the par value of the stocks thereafter. 14. Sunshine, Corp has 50,000 shares of common stock outstanding with a par value of $0.50 and a market value of $10.50. Its Board of Directors declares a 20% stock dividend. a. Record the declaration. (Hint: Remember Small vs Large Stock Dividend Rules) b. Record the declaration and issuance if the Board of Directors also declares a 40% stock dividend a few months later

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