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Dutta Corp. has outstanding 1 5 3 , 0 0 0 shares of $ 5 par value common stock. At year - end, the company

Dutta Corp. has outstanding 153,000 shares of $5 par value common stock. At year-end, the company declares and issues a 4% common stock dividend when the market price of the stock is $21 per share.
Prepare the journal entry for the stock dividend declaration and distribution.

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