he common stock of Sandhill Inc. is currently selling at $114 per share. The directors wish to reduce the share price and increase hare volume prior to a new issue. The per share par value is $10; book value is $63 per share. 8.70 million shares are issued and utstanding. Prepare the necessary journal entries assuming the following. (Enter amounts in dollars. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) (a) (b) The board votes a 2-for-1 stock split. The board votes a 100% stock dividend.

he common stock of Sandhill Inc. is currently selling at $114 per share. The directors wish to reduce the share price and increase hare volume prior to a new issue. The per share par value is $10; book value is $63 per share. 8.70 million shares are issued and utstanding. Prepare the necessary journal entries assuming the following. (Enter amounts in dollars. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) (a) (b) The board votes a 2-for-1 stock split. The board votes a 100% stock dividend.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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