The stockholders equity accounts of G.K. Chesterton Company have the following balances on December 31, 2025. Shares
Question:
The stockholders’ equity accounts of G.K. Chesterton Company have the following balances on December 31, 2025.
Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange at $37.
Instructions
Prepare the appropriate journal entries for each of the following cases.
a. A stock dividend of 5% is declared and issued.
b. A stock dividend of 100% is declared and issued.
c. A 2-for-1 stock split is declared and issued.
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Step by Step Answer:
c No entry is needed The par value becomes 5 and the number of shares outstanding increa...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 9781119790976
18th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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