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1. Determind the number of shares issued in the stock dividend 2. Journalize the declaration and distribution of the stock divident 3. Journalize the declaration

1. Determind the number of shares issued in the stock dividend
2. Journalize the declaration and distribution of the stock divident
3. Journalize the declaration and the payment of the cash dividend. image text in transcribed
Click Submit to complete this assessment Question 42 5 points Reese Company has 1.000,000 authorized shares of common stock On April 1, 2016, Reese Company bas BA000 shares of $1 par common stack outnding On Aprl 1200wben the market price of common stock was $5 per share, Reese Company declared a 10% stock dividend that was distributed on April 30 OnJe 15,206 Rse Compay decd dividend. The cash dividend was paid on July 15, 2016 1. Determine the number of shares issued in the stock dividend 2. Journalize the declaration and distribution of the stock dividend 3. Journalize the declaration and the payment of the cash dividend. E T- 3 12p) Arial TTTT Paragraph Path: P

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