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liubo4ka [24]
3 years ago
8

On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $2.00 par, common shares, t

o be distributed on July 1. The market price of Siewert common stock was $20 on June 13.Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split
Business
1 answer:
ozzi3 years ago
7 0

Answer:

No journal is needed

Par value  is now $1

Explanation:

There is journal entry for stock split no new funds were received from stockholders and the fact that the equity stockholders capital remain the same after the stock split.

It is a mere book redenomination where the number of outstanding shares in issue is increased while the par value is reduced  proportionally.

In essence a stock split of 2 for 1 means one share is added to existing one and the two shares are now priced at the value of one previously

The par value after stock split=1/2*$2=$1

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A company is assessing opportunities in the BRIC companies and determines that _________ is one of the youngest populations in t
romanna [79]

Answer:

India is one of the youngest Nation in the world

Explanation:

The countries that fall under the BRICs (Brazil, Russia, India and China), will have large tendency to shape the future of world because these countries are growing with greater GDP growth rates.

India is the one of the youngest nation with having its 27% population living below 27 years. The generation has opted to technological advances which suits most of the companies to move here. The human resource here is available at low cost and the free trade agreement of India with a lot of countries has helped it to equip its resources to maximum which is the reason it has 7.6 GDP growth rate.

There is increased demand for infrastructure development, basic needs provision and many other commodities. So this makes India an attractive market with a well diversified people taste because a lot of civilizations are living and burried here.

5 0
3 years ago
Mulally's use of "the way forward," which involved closing and modernizing plants, implementing data
murzikaleks [220]

The actions of Mulally in doing the above can be said to be part of his <u>Strategy </u>for <u>Ford</u>.

<h3>Actions by John Mulally.</h3>
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John Mulally was the CEO of Ford Motors and when he took over, Ford needed a turnaround in their fortunes. He engineered a series of changes to ensure that Ford would be competitive again.

In conclusion, this was his strategy.

Find out more on labor productivity at brainly.com/question/6430277.

4 0
2 years ago
2020 Under what conditions is it ethically defensible to outsource production to the developing world where labor costs are lowe
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Answer:

Morally, how about we start with business morals. Extensively business morals spin around progressively the estimation of the business to investors or partners (contingent upon the type of private enterprise). In the event that redistributing work diminishes costs and converts into expanded benefits for the organization, that is sufficient to consider it in accordance with the all-encompassing order of the business whether or not there is a decrease in cost for the buyer.  

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7 0
3 years ago
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A correlation coefficient shows that alcohol consumption and driving accidents are indeed related. as a result, a researcher cou
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I believe the answer is: the number of driving accidents a person has will go up or down based on the number of  alcoholic drinks consumed

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vladimir1956 [14]

Answer:

The correct answer is (D)

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3 years ago
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