Question: How does the general journal entry for a stock split differ from one for a stock dividend? a. Stock splits require a debit to Retained
How does the general journal entry for a stock split differ from one for a stock dividend?
a. Stock splits require a debit to Retained Earnings for face amount of stock.
b. Stock splits require a debit to Retained Earnings for market value of stock.
c. Stock splits require a credit to the stock account on date of declaration for the par value of stock.
d. A stock split does not require a journal entry except a memorandum entry
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