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Dafna1 [17]
3 years ago
14

A stock-split journal entry would include?

Business
2 answers:
spayn [35]3 years ago
6 0
A stock-split journal entry would include? A memorandum notation. If a stock split happens, it is because an company's board of directors decided to increase the amount of shares outstanding. They do this by issue more shares of the company to current stock holders but at a lower price due to the increase in quantity. 
djyliett [7]3 years ago
6 0

The answer to your questions is "Memorandum Notation only."

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A year ago, MC Hammer Company had inventory in Britain valued at 240,000 pounds. The exchange rate for dollars to pounds was 1£
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Answer:

Gain= 132,000 - 120,000= 12,000 dollars

Explanation:

Giving the following information:

A year ago, MC Hammer Company had inventory in Britain valued at 240,000 pounds. The exchange rate for dollars to pounds was 1£ = 2 U.S. dollars. This year the exchange rate is 1£ = 1.82 U.S. dollars. The inventory in Britain is still valued at 240,000 pounds.

Year 1= 1/2= 0.5 exchange rate

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Year 2= 1/1.82= 0.55 exchange rate

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