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Exercise 15-13 The common stock of Grouper Inc. is currently seling a $114 per share. The directors wish to reduce the share price and increase

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Exercise 15-13 The common stock of Grouper Inc. is currently seling a $114 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 $63 per share. 8.70 million shares are issued and outstanding. Credit account eitles are automatically Indented when amount is entered. Do not Prepare the necessary journal entries assuming the following. (Enter amounts in dollars indent (a) The board votes a 2-for-1 stock split. (b) The board votes a 100% stock dividend. manually, If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) Debit Credit No. Account Titles and Explanation (To record the declaration) (To record the distribution) Ouestion Attemots: O of 3 used SAVE FOR LATER Version 4.24.12.1

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