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    Symbol Two Corporation: Stock split & property dividend JEs

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    Stock splits and property dividend journal entries

    Symbol Two Corporation had the following transactions:

    (a) The par value of the capital stock is reduced to $0.50 with a 2-for-1 stock split.
    (b) A 10% stock dividend is declared and distributed at a time when the market value of the shares
    is $25 per share.
    (c) A property dividend is declared September 12, 2010, and paid October 1, 2010, in common shares
    in another company held as an equity investment. The equity investment has a book value of
    $50,000 and a fair market value of $205,000.

    Create the journal entries for these.

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    https://brainmass.com/business/dividend-yield/symbol-two-corporation-stock-split-property-dividend-jes-549378

    Solution Preview

    Your tutorial is in excel, attached, indicating how stock splits, a small stock dividend and appreciated shares in a subsidiary that are distributed as a dividends are handled. ...

    Solution Summary

    Your tutorial is in excel, attached, indicating how stock splits, a small stock dividend and appreciated shares in a subsidiary that are distributed as a dividends are handled. A reference is provided.

    $2.19

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