How much is the debit to retained earnings, Accounting Basics

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How much is the debit to retained earnings

The common stock of Warner Inc. is currently selling at $110 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share. Five million shares are issued and outstanding.

(a) How much is the debit to retained earnings if the board votes a 2-for-1 stock split?

(b) Prepare the necessary journal entries if the board votes a 100% stock dividend.

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Accounting Basics: How much is the debit to retained earnings

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Accounting Basics: How much is the debit to retained earnings

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: How much is the debit to retained earnings

Reference No:- TGS0699596

Recent Questions Asked Accounting Basics

Q : What are the january cash collections

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Q : What are the five factors that you believe are most critical

Q : Determine the ethicality of the events

Q : How much is the debit to retained earnings

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Q : Why the elizabeth uses the cost method

Q : What are the expected cash

Q : Discuss the process at the beginning of production

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