the common shares of hoover inc are currently selling at 143 per share the directors 4375127

The common shares of Hoover Inc. are currently selling at $143 per share. The directors want to reduce the share price and increase the share volume before making a new issue. The per share carrying value is $34. There are currently 9 million shares issued and outstanding. Instructions (a). Prepare the necessary journal entries assuming that: 1. The board votes a 2-for-1 stock split. 2. The board votes a 100% stock dividend. (b). Briefly discuss the accounting and securities market differences between these two methods of increasing the number of shares outstanding. View Solution:
The common shares of Hoover Inc are currently selling at

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