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A company has 131,000 shares of $5 par value common stock outstanding. The company declares a 35% stock dividend on November 1 when the stock's

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A company has 131,000 shares of $5 par value common stock outstanding. The company declares a 35% stock dividend on November 1 when the stock's market value is $70 per share. Prepare the journal entry for declaration of the stock dividend. Journal entry worksheet Record the declaration of a 35% stock dividend

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