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11B-1. On January 4 KATIE Incorporated has the following balances in its owners' equity accounts: RETAINED EARN COM ST($4 par) APIC-COMMON 98000 80000 60000 a.

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11B-1. On January 4 KATIE Incorporated has the following balances in its owners' equity accounts: RETAINED EARN COM ST($4 par) APIC-COMMON 98000 80000 60000 a. On that date KATIE announces and distributes a 10% stock dividend. At this point in time the market price of the stock is $20 per share. Show the necessary accounting entries. b. Show the necessary accounting entries if KATIE had announced and distributed a 40% stock dividend on January 4 instead of the small stock dividend discussed in a Problem 11B-1 Name: Lab Section Time: TA Name: Common Stock ($ par) Add Paid-In Capital - Com Retained Earnings Retained Earnings Common Stock (S par) Add Paid-In Capital - Com

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