Kindey Corporation has 185,000 common shares outstanding with a carrying value of $20 per share. Kindey declares
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Kindey Corporation has 185,000 common shares outstanding with a carrying value of $20 per share. Kindey declares a 4-for-1 stock split. (a) How many shares are outstanding after the split? (b) What is the carrying value per share after the split? (c) What is the total carrying value after the split? (d) What journal entry is necessary to record the split?
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To address each part of the stock split scenario for Kindey Corporation a In a 4for1 stock split eac...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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