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Boise corporation issues a two for one disproportionate

Boise Corporation issues a two for one disproportionate stock split. The original par value of the 10,000 common shares was $12 per share. The new par value for the 20,000 shares is $5 per share. Prepare the journal entry to record the disproportionate stock split.

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Accounting Basics: Boise corporation issues a two for one disproportionate

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