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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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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