How do you account for Common stock splits on statement of stockholders' equity?

The only journal entry needed for a stock split is a memo entry to note that the number of shares has changed and that the par value per share has changed (if the stock has a par value). However, a typical journal entry with debits and credits is not needed since the total dollar amounts for the par value and other components of paid-in capital and stockholders’ equity do not change.

As to account for it on the statement of stockholders' equity, you just need to put it like this:

Common stock, $.50 par value, 200,000 shares issued ...... $100,000

1. D. Due and payable inside one yr. 2. A. Although, technically, it can be listed separately in spite of everything other bills (besides taxes). 3. C. So long as it is probable warranties will have claims and which you could estimate the amount. If those two stipulations are met, then you report a legal responsibility and an cost on the time of sale. Then, when repairs are claimed below assurance, you minimize the legal responsibility for the cost of the repairs. In the event you can't estimate the cost or if it is not possible that there might be claims against the warranty, then it will be D. This is all according to FASB 5, if you're curious. 4. D. Gross. 5. C. Federal revenue tax. 6. A. Usual. 7. D. Purchasing back stock would slash the shares splendid, no longer develop. 8. A. Bonds aren't most often payable in the present 12 months, however they are a liability, consequently, they might be in the noncurrent liabilities section. 9. A. Declaration of stockholders fairness. 10. This query isn't unique enough, however i am assuming they may be watching for B. If a stock was *truely* cut up, it puts more shares in the market, but the complete rate of all shares doesn't particularly trade, so, well-nigh, all else being equal, in a 2-for-1 cut up, every share is valued at half as much, but there may be twice as many shares notable. But, the term "stock cut up" can also be utilized in reverse stock splits, which are essentially the opposite. In these circumstances, it will develop the price per share, which is why I said the query could technically be extra detailed. Good luck! :0)

Dont worry We're going to eat cats by dec 21