Which one of the following events would not require a journal entry on a corporation's books?
A)2-for-1 stock split.
B)100% stock dividend.
C)2% stock dividend.
D)$1 per share cash dividend.

Question

Quizplus · Accepted Answer

A 2-for-1 stock split does not require a journal entry because it does not change the total value of the corporation's equity; it only increases the number of shares and adjusts the par value per share accordingly.

Which One of the Following Events Would Not Require a Journal