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Belkin Incorporated has 107,000 shares of $3 par value common stock outstanding. Belkin declares a 47% stock dividend on March 2 when the stock's market

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Belkin Incorporated has 107,000 shares of $3 par value common stock outstanding. Belkin declares a 47% stock dividend on March 2 when the stock's market value is $79 per share. Prepare the journal entry for declaration of the stock dividend. Journal entry worksheet

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