Question: 20. Beta Corp declared a 2 for 1 stock split. Beta had 60 million share of common stock issued and outstanding. The market price per

20. Beta Corp declared a 2 for 1 stock split. Beta had 60 million share of common
stock issued and outstanding. The market price per share at the time of the split

was $25. The par value of the stock is $1.
Record the stock split as a stock dividend.
Record the stock dividend as a memo entry.

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