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At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the following: On February 1, 2014, the
At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the following: On February 1, 2014, the board of directors declared a 65 percent stock dividend to be issued April 30, 2014. The market value of the stock on February 1, 2014, was $16 per share. 1. For comparative purposes, prepare the Stockholders' Equity section of the balance sheet (a) immediately before the stock dividend and (b) immediately after the stock dividend
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