OGCush Inc declares and distributes a 3-for-1 stock split on its 70 million, $1 par,...
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OGCush Inc declares and distributes a 3-for-1 stock split on its 70 million, $1 par, common shares. The company effects the split in the form of a 200% stock dividend. The market value of the stock is $5 on the date of declaration. The company will receive a:
Debit to paid in capital excess of par of $70 million
Debit to paid in capital excess of par of $140 million
Debit to paid in capital excess of par of $210 million
Debit to paid in capital excess of par of $280 million
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