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On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) General Journal No 1 Par value Event 1 No journal entry required General Journal Par value > On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Par value Debit < General Journal Credit What is the par per share after the split? (Enter your answer in dollars rounded to 2 decimal places.) Par value per share

On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) General Journal No 1 Par value Event 1 No journal entry required General Journal Par value > On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Par value Debit < General Journal Credit What is the par per share after the split? (Enter your answer in dollars rounded to 2 decimal places.) Par value per share

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 4MC: Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys...
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On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) No 1 Par value Event 1 No journal entry required Par value General Journal Par value > On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Par value Debit General Journal What is the par per share after the split? (Enter your answer in dollars rounded to 2 decimal places.) per share < General Journal Credit
Transcribed Image Text:On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) No 1 Par value Event 1 No journal entry required Par value General Journal Par value > On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Par value Debit General Journal What is the par per share after the split? (Enter your answer in dollars rounded to 2 decimal places.) per share < General Journal Credit
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