College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN: 9781337794756
Author: HEINTZ, James A.
Publisher: Cengage Learning,
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Chapter 21, Problem 5SEA

STOCK SPLIT Goldstein Company has 100,000 shares of $10 par common stock outstanding. On July 1, the board of directors declared a two-for-one stock split.

Prepare a memorandum entry in the general journal indicating the new par value and the total number of outstanding shares of common stock.

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College Accounting, Chapters 1-27

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