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BE11-12 Stossel Corporation has 200,000 shares of $10 par value common stock outstanding. It declares a 12% stock dividend on December 1 when the market
BE11-12 Stossel Corporation has 200,000 shares of $10 par value common stock outstanding. It declares a 12% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the entries for the declaration on December 1 and distribution of the stock dividend on December 31.
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| Dec 31 |
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