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Arnold, Inc. declares and distributes a 10% common stock dividend when it has 30,000 shares of $1 par value common stock outstanding. If the market

Arnold, Inc. declares and distributes a 10% common stock dividend when it has 30,000 shares of $1 par value common stock outstanding. If the market value of the common stock is $20, the journal entry to record the stock dividend would include a:

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