9 and 11 9. On September...
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Accounting
9 and 11 
9. On September 1, Warped Wing Brewing Corporation had 50.000 shares of $5 par value common stock and $1,000,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is: A. Retained Earnings 750,000 Common Stock Split Distributable 750,000 B. Retained Earnings 750.000 750.000 Common Stock 250,000 C. Retained Earnings 250,000 Common Stock 250,000 D. Retained Earnings 250,000 Stock split payable E. No entry is made for this transaction. corporation is called: 10. Stock that was reacquired by the company and is still held by the issuing A. Capital stock By Treasury stock Redeemed stock D. Preferred stock stock transactio E. Callable stock never had any treasury July 1, per sh 11. to Warped Wing Brewing Corporation had for shares at $49 company repurchased 100 shares of its common stock on remaining treasury 2? nt share On st 1, it reissued the on August Treasury Stock, account
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