Brief Exercise 18-14 (Algo) Stock split (LO18-8] On June 13, the board of directors of...
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Brief Exercise 18-14 (Algo) Stock split (LO18-8] On June 13, the board of directors of Siewert Inc, declared a 2-for-1 stock split on its 60 million, $2 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $17 on June 13. Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split? OK ht Inces Complete this question by entering your answers in the tabs below. General Journal Par value
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