Effective May 1 , the shareholders of Chiefs Corporation approved a 2 - for - 1 stock
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Question:
Effective May the shareholders of Chiefs Corporation approved a for stock split of the companys common stock. Prior to the stock split, Chiefs shareholders equity items were as follows: Common Stock, $ par shares authorized, shares outstanding $ Additional paidin capital common stock Retained Earnings a What is the balance in each of the following accounts AFTER the stock split? common stock, additional paidin capital, retained earnings, # of os shares, and Par Value per share b Assume that instead of a for stock split, Chiefs declared a stock dividend. Provide the journal entries at the date of declaration and the date of distribution. What is the balance in each account after the stock dividend.?
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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