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do a journal entries Madison Company has 350,000 shares of $3 par value common stock outstanding. It declared a 40% stock dividend on June 1
do a journal entries
Madison Company has 350,000 shares of $3 par value common stock outstanding. It declared a 40% stock dividend on June 1 when the market price per share was $25. The shares were issued on June 30. A. Prepare the entry IN GOOD FORM for the declaration of the stock dividend on June 1. B. Prepare the entry IN GOOD FORM for the distribution of the dividend on June 30 Step by Step Solution
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