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At the time of declaration the market price of the stock is

Questuion - VIne Corporation has 30,000 shares of $8 par value common stock outstanding when a 5 for 1 stock split is declared. At the time of declaration, the market price of the stock is $500 per share. Give the entry necessary to record the stock split.

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Accounting Basics: At the time of declaration the market price of the stock is

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Accounting Basics: At the time of declaration the market price of the stock is

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