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A company has 38,000 shares of $10 par value common stock outstanding. The company declares a 10% stc dividend on March 15 when the stock's

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A company has 38,000 shares of $10 par value common stock outstanding. The company declares a 10% stc dividend on March 15 when the stock's market value is $27 per share. The stock dividend is distributed on Prepare the journal entry for the (a) declaration and (b) distribution of the stock dividend

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