Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on june 13, the board of directors of siewert inc.

On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split...

50.1K

Verified Solution

Question

Accounting

On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 50 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $19 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the 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!
Become a Member

Other questions asked by students

Q

An election ballot asks voters to select six city commissioners from a group of twenty...

Basic Math
Q

Can somebody explain to me Derivative of Parametric Equations? May I know its importance and applications...

Basic Math
Q

A hollow cylindrical container has an inner radius of 7.3040 cm as stated from the manufacturer....

Physics
Q

What are key developments in epidemiology from Snow until the present?

Psychology
Q

QUESTION 4 Should PCR primers be complementary to each other Explain your reasoning for your...

Biology
Q

Find the volume of the solid below 5 cm 4 cm 6 cm 4 cm...

Geometry
Q

A baseball diamond is a square with sides of length 90 ft. A batter hits...

Basic Math
Q

Which formula can be used to find the probability of four forward steps in a...

Statistics
Q

Using the following information from the books and records of Grande Corporation, determine Grandes total...

Accounting
Q

Brief Exercise 6-4 (Algo) Depreciation expense using the units-of-production method LO 6-4 Clean Air Company...

Accounting
Q

On January 1st, 2013 Williams company purchased a copy machine. The machine costs $150,000. Its...

Accounting
Q

Why does the proportion of net debt in the market-value balance sheet differ across industries?

Finance