FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Provide the following
On Dec. 15 our stock is trading at $104/share. We declare a 2 for 1 stock split.
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- Larkspur, Inc. issues 7,600 shares of $108 par value preferred stock for cash at $116 per share. What are the journal entries for the issuance of the preferred stock?arrow_forward.arrow_forwardA corporation that had 28,000 shares of common stock outstanding declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $92 per share before the stock split, what would be an approximate market price per share after the split? per share c. Journalize the entry for the stock split. If no entry is required, type "No Entry Required" and leave the amount boxes blank. Debit Credit Accountarrow_forward
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- As the same investor, you put in a limit order to purchase the above company at $12.00 per share at 12:00P.M. on June 15. At 3:00P.M. the stock was selling for 11¾. Was your order executed?arrow_forwardPina Colada Inc. issues 4,650 shares of $100 par value preferred stock for cash at $145 per share.Journalize the issuance of the preferred stock. what is the title or explanation? what is debit or credit ?arrow_forward
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