1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svet-max [94.6K]
3 years ago
12

On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $1.00 par, common shares, t

o be distributed on July 1. The market price of Siewert common stock was $25 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:
Verizon [17]3 years ago
8 0

Answer:

1. Dr Stock dividends $60 million

Cr Common stock $60 million

2. $1

Explanation:

Preparation of the journal entry that summarizes the declaration and distribution of the stock split

Journal Entries for Siewert Inc

(In millions)

1. Based on the information given we were told that On June 13, the board of directors of the company declared a 2-for-1 stock split on its 60 million which means that the Journal entry will be recorded as :

Dr Stock dividends $60 million

Cr Common stock $60 million

(To record issue of stock dividend)

2. The Par value per share after split =$1 reason been that split are often in form of stock dividend.

You might be interested in
Jose and Juanita are buying their first home. They want a low interest rate on loans, and they want to deal with someone local a
Sedbober [7]

Answer:

savings and loan association

8 0
3 years ago
Which of these products or services is likely to have an inelastic supply in the short run?
7nadin3 [17]
This would be a.cargo ships.
7 0
3 years ago
Read 2 more answers
Suppose a stock market boom makes people feel wealthier. The increase in wealth would cause people to desire: a) increased consu
Stels [109]

Answer:

a. Increased consumption , which shifts the aggregate-demand curve right.

Explanation:

When there is a boom in stockmarket which makes people wealthier, people's consumption would increase because of the desire and availability of money to purchase goods, which results in demand curve shifting right.

The boom in the stockmarket means people investment has appreciated hence are able to save and increase their consumption spending.

A shift in demand curve to the right means an increase in the quantity demand of goods and services while a shift in demand curve left means a decrease in the quantity demand of goods and services.

Other factor that could cause increased consumption and shifts in aggregate demand curve right is tax decrease. Tax is a compulsory levy imposed on an individual or an organization by the government.

When there is a tax decrease, people would be able to save more thus increase their desire to consume more hence demand curve would shift to the right.

3 0
2 years ago
A researcher wants to test if juvenile hormone (similar to testosterone) is associated with aggression in paper wasps. The resea
Lady_Fox [76]

Answer:

b. The pairs in which neither individual is given extra juvenile hormone is the control

Explanation:

This is an experiment in which the researcher wants to establish a relation between the aggresion in wasp with the juvenile hormone, but to know which are really the effects you need something to compare with, that is called the control group, that is usually in the normal conditions, in this case it corresponds to the pairs in which they don't give the extra juvenile hormone, so the researcher can compare the difference between this pair with the pair in which one of the individuals has extra juvenile hormone.

6 0
3 years ago
The present value of an annuity falls when interest rates rise
svetoff [14.1K]
That is true, if you raise the rate then the present value falls.Of course, the present value will fall assuming the existence of positive cash flows. This annuity present value is divided into four pieces which are: the present value (PV), the periodic cash flow (C), the discount rate (r), and the number of payments, or the life of the annuity, (T). 
5 0
3 years ago
Other questions:
  • What is the New York Stock Exchange? A. The world's largest exchange for trading stocks and other securities B. An indicator of
    13·2 answers
  • Some companies want to get their products into as many outlets as possible, understanding that the more exposure a product gets,
    7·2 answers
  • Suppose we are looking at a cash flow statement constructed using the INDIRECT method. We see a NEGATIVE adjustment of $5000 rel
    13·1 answer
  • Greg’s Golf Carts produces two models: Model 24 has sales of 500 units with a contribution margin of $40 each; Model 26 has sale
    14·1 answer
  • Which of the following directly influences an employee's voluntary behavior and performance?
    14·1 answer
  • An executive in a computer software firm works with his office door closed. At the same time every hour heopens the door to see
    9·1 answer
  • A company's Inventory balance at 12/31/16 was $188,000 and $200,000 at 12/31/15. Its Accounts Payable balance at 12/31/16 was $8
    14·1 answer
  • A manufacturing company hit by a slump in demand is experiencing a labor surplus. The company expects the market to improve in s
    15·1 answer
  • Which of these factors contributes to the popularity of cable TV advertising?
    13·1 answer
  • Graff, Incorporated, has sales of $49,500, costs of $22,800, depreciation expense of $2,200, and interest expense of $1,950. If
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!