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Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 6 percent stock dividend on 27,000 shares of its $8 par

Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 6 percent stock dividend on 27,000 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $30 per share.

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