ABC Company stock price is at $500 per share. ABC is considering a small stock...
80.2K
Verified Solution
Link Copied!
Question
Accounting
ABC Company stock price is at $500 per share. ABC is considering a small stock dividend and a stock split. For each of the scenarios below, assume there are 200,000 shares outstanding, the par value of each share is $0.50.
What is the journal entry if the company declares a 10% stock dividend?
What is the journal entry if the company declares a 5 for 1 stock split? What will be the share price after this stock split?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
