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The board of directors voted for a 2:1 stock split. Prior to the split, the company had 50,000 shares of $10 par common stock. What

The board of directors voted for a 2:1 stock split. Prior to the split, the company had 50,000 shares of $10 par common stock. What is the effect of the stock split? If a journal entry is required, then include in your answer.

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