Question

Please Help !!

Answer 1

A stock-split journal entry would include a
A. debit to Retained Earnings and a credit to Common Stock.
B. debit to Common Stock and a credit to Cash.
C. debit to Common Stock Dividend Distributable and a credit Common Stock.
D. memorandum notation only.

Answer 2

Does a Stock Split change ANY value? Does it create CASH? How does a split work? Is it like this: 10 shares @ $15.00 each ==> 20 shares @ $7.50 each?