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ANSWER ALL PARTS AS TOLD IN THE PHOTO Pearl Corporation has outstanding 4 4 4 , 0 0 0 shares of $ 1 0 par

ANSWER ALL PARTS AS TOLD IN THE PHOTO

Pearl Corporation has outstanding $444, 000$ shares of $ $10$ par value common stock. The corporation declares a $5 %$ stock dividend

when the fair value of the stock is $ $67$ per share.

Prepare the journal entries for Pearl Corporation for both the date of declaration and the date of distribution.

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