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18-2c stock dividend On January 1, 2026, Ajax declared and distributed a stock dividend of 12%. The current market price of Ajax stock is $25

18-2c stock dividend On January 1, 2026, Ajax declared and distributed a stock dividend of 12%. The current market price of Ajax stock is $25 per share. Ajax has 100,000, $1 par, shares outstanding. Prepare the journal entry to account for the stock dividend.

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