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Prepare the journal entry to record the stock split

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Reference no: EM13515345

On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 100 million, $5 par, common shares, to be distributed on July 1. Themarketprice of Siewert common stock was $31 on June 13.

1. Prepare the journal entry to record the stock split if it is not to be effected in theformof a stock dividend.

Reference no: EM13515345

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