User Account

All Pages

Prepare the journal entry to record the stock split

Assignment Help Accounting Basics
Reference no: EM132009656

Question - On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 80 million, $1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $22 on June 13.

Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. (If no entry is required for an event, select "No journal entry required" in the first account field.)

What is the par per share after the split?

Reference no: EM132009656

Questions Cloud

Innovative change management in smes : Innovative Change Management in SME's: beyond continuous improvement - Prepare an overall view of the proposal and the issues discussed
Show balance sheet of federal reserve and national bank : Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers return only 50 percent.
Evaluate the importance of the groups use of media : Explain the group's major motivation(s) (beliefs or causes), and / or its justification for engaging in terrorism.
Find the total amount of his contributions : Find the total amount of his contributions. Find the single deposit now that will provide the same retirement benefit.
Prepare the journal entry to record the stock split : Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split
Calculate costs or duration based on historical data : An estimating technique in which an algorithm is used to calculate costs or duration based on historical data and project parametemeters.
Capital expenses and debt principal payments : Lemmon has EAT, depreciation expense, capital expenses and debt principal payments of $4m, $.2m, $.3m, and $.5m respectively.
Considering the constraints to scope and cost : You are completing your weekly status report and find that one activity will be delayed three weeks and that will affect the project completion date.
What is the name test rule : What is the name test rule? Does the rule apply to any of the following funds: Small Cap Fund, Value Fund, Europe Fund, or International Fund?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd