{"id":33835,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/the-common-stock-of-brandy-inc-is-currently"},"modified":"2017-08-16T06:21:41","modified_gmt":"2017-08-16T06:21:41","slug":"the-common-stock-of-brandy-inc-is-currently","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/the-common-stock-of-brandy-inc-is-currently\/","title":{"rendered":"The common stock of Brandy, Inc is currently"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p>&nbsp;<\/p>\n<p>The common stock of Brandy, Inc is currently<br \/> The common stock of Brandy, Inc is currently selling at $120 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share. Nine million shares are issued and outstanding.<\/p>\n<p>Required:<\/p>\n<p>Prepare the necessary journal entries assuming the following.<\/p>\n<p>(a) The board declares and issues a 2-for-1 stock split.<\/p>\n<p>(b) The board declares and issues a 100% stock dividend.<\/p>\n<p>(c) Briefly discuss the accounting and securities market differences between these two methods of increasing the number of shares outstanding.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The common stock of Brandy, Inc is currently The common stock of Brandy, Inc is currently selling at $120 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The <a href=\"https:\/\/www.benedictsol.com\/blogs\/the-common-stock-of-brandy-inc-is-currently\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33835","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/33835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=33835"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/33835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=33835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=33835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=33835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}