Business, 10.12.2019 06:31 gabbytumey

On june 13, the board of directors of siewert inc. declared a 2-for-1 stock split on its 150 million, $1 par, common shares, to be distributed on july 1. the market price of siewert common stock was $28 on june 13. prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

1. record the journal entry "stock split"

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On june 13, the board of directors of siewert inc. declared a 2-for-1 stock split on its 150 million...

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