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Davis Enterprises has 290,000 shares of $5 par value common stock outstanding. Davis declares a 40% stock dividend on March 2 when the stock's
Davis Enterprises has 290,000 shares of $5 par value common stock outstanding. Davis declares a 40% stock dividend on March 2 when the stock's market value is $73 per share. The journal entry for the declaration of the stock dividend is:
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
