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Section G--Stock Split and Stock Dividend The common stock of COB, Inc. is currently selling...

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Section G--Stock Split and Stock Dividend The common stock of COB, Inc. is currently selling at $80 per share. The directors wish to reduce the share price and increase the share volume prior to a new issue. The per share par value is $10.500,000 shares are issued and outstanding. Prepare the necessary journal entries assuming the following. 1. The board votes a 2 for 1 stock split. 2. The board votes a 100% stock dividend. 3. After the above actions, what is the anticipated selling price of COB common stock

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