Which one of the following events would NOT require a formal 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 formal journal entry because it does not change the total value of the shares; it merely increases the number of shares while proportionally decreasing the price per share.

Which One of the Following Events Would NOT Require a Formal