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EpiCo has 20,000 shares of $2 par value common stock outstanding. The company declares a 5% stock dividend on July 1 when the stock's market
EpiCo has 20,000 shares of $2 par value common stock outstanding. The company declares a 5% stock dividend on July 1 when the stock's market value is $8 per share. The stock dividend is distributed on July 20. The journal entry to record the declaration of the stock dividend consists of a
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