Board of Directors of DAPPLE Corp declared a 4/1 Stock Split Common Stock, $4.00 Par Value,...

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Board of Directors of DAPPLE Corp declared a 4/1 Stock Split Common Stock, $4.00 Par Value, 300,000 shares issued and outstanding. Current market price = $120.00 share. Total Paid In Capital before the split-$3,450,000 REQUIRED: 1) Record the Journal Entry for the split. 2) Describe in detail the effects of the stock split. 3) How much is the total paid-in capital after the split ? Board of Directors of DAPPLE Corp declared a 4/1 Stock Split Common Stock, $4.00 Par Value, 300,000 shares issued and outstanding. Current market price = $120.00 share. Total Paid In Capital before the split-$3,450,000 REQUIRED: 1) Record the Journal Entry for the split. 2) Describe in detail the effects of the stock split. 3) How much is the total paid-in capital after the split ?

Answer rating: 100% (QA)

a There is no journal entry will be done for Stock split only ... View the full answer