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Epic Incorporated has 11,900 shares of $2 par value common stock outstanding. Epic declares a 24% stock dividend on July 1 when the stocks market
Epic Incorporated has 11,900 shares of $2 par value common stock outstanding. Epic declares a 24% stock dividend on July 1 when the stocks market value is $27 per share. The stock dividend is distributed on July 20. Prepare journal entries for (a) declaration and (b) distribution of the stock dividend
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Principles Of Auditing
Authors: O. Ray Whittington, Kurt Pany, Walter B. Meigs
12th Edition
