Wren Co. recently declared a 2-for-1 stock split on its $1 par value common stock. If the

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Wren Co. recently declared a 2-for-1 stock split on its $1 par value common stock. If the company has 4,520,000 shares outstanding and the market price of the stock is $4/share, what will be the debit to Retained Earnings for the split?

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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Posted Date: May 02, 2023 08:04 AM

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Wren Co. recently declared a 2-for-1 stock split on its $1 par value common stock. If the

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A stock split does not affect the total value of shareholders equity but it increases the ... View the full answer

Intermediate Accounting

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