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Can someone help? Your answer is partiaily correct. Langley Corporation has 50, 000 shares of 10 par value common stock outstanding. It declares a 15%

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Your answer is partiaily correct. Langley Corporation has 50, 000 shares of 10 par value common stock outstanding. It declares a 15% stock dividend on december 1 when the market price per share is 16. The dividend are issued on December 31. Prepare the entries for the declaration and payment of the stock dividend

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