FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The
| Common stock, $10 par, 295,000 shares issued and outstanding | $2,950,000 | |
| Paid-in capital in excess of par—common stock | 1,280,000 | |
| 5,950,000 |
Shares of Cheyenne Company stock are currently selling on the Midwest Stock Exchange at $39.
Prepare the appropriate
| (a) | A stock dividend of 7% is (1) declared and (2) issued. | |
|---|---|---|
| (b) | A stock dividend of 100% is (1) declared and (2) issued. | |
| (c) | A 2-for-1 stock split is (1) declared and (2) issued. |
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