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A company has $1 par value common stock with 300,000,000 authorized shares, 3,000,000 issued and 2,500,000 outstanding shares. The company declares a 10% stock dividend

A company has $1 par value common stock with 300,000,000 authorized shares, 3,000,000 issued and 2,500,000 outstanding shares. The company declares a 10% stock dividend when the market price of the stock is $33 a share. Write the entry to record this transaction.

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