Homework Answers
Answer: Option 4 : A Stock Split would- not Reduce Retained Earnings,whereas a stock Dividend would
A Stock Split
- Increase the Number of common Stock
- not change the Retained earnings
- Not change the total Common stock Value
a Stock Divided Will :
- Will Reduce the retained Earnings
- will increase the number of Common Stock
- will Increase the total common stock Capital
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be distributed on July 1. The market price of Siewert common stock
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journal
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please answer 12 & 13. thank you.
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On June 13, the board of directors of Siewert Inc. declared a
2-for-1 stock split on its 60 million, $1.00 par, common shares, to
be distributed on July 1. The market price of Siewert common stock
was $25 on June 13.
Prepare the journal entry to record 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?
PLEASE NOTE = $.50 and $12.50
were...
journal
Cash dividends involve three events. On the date of declaration, the directors bind the company to pay the dividend. A dividend declaration reduces retained earnings and creates a current liability. On the date of record, recipients of the dividend are identified. On the date of payment, cash is paid to stockholders and the current liability is removed. Neither a stock dividend nor a stock split alters company value. However, the value of each share is less due to the...
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