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DEF Company had a net income of $120,000 and paid cash dividends of $24,000. GHI Company had a net loss of $30,000 and distributed a
DEF Company had a net income of $120,000 and paid cash dividends of $24,000. GHI Company had a net loss of $30,000 and distributed a 100% stock dividend with a market value of $18,000. Prepare the journal entries for these two companies.
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
