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Blossom Corporation has outstanding 4 7 9 , 0 0 0 shares of $ 1 0 par value common stock. The corporation declares a 5

Blossom Corporation has outstanding

479, 000

shares of $

10

par value common stock. The corporation declares a

5 %

stock dividend when the fair value of the stock is $

69

per share.

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

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