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List the necessary journal entries

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The common stock of Numbro Inc. is currently selling at $125 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $65 per share. 9.80 million shares are issued and outstanding.

Question 1: List the necessary journal entries assuming the following.

Point (a) The board votes a 2-for-1 stock split.

Point (b) The board votes a 100% stock dividend.

Reference no: EM132462147

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