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F Co. declares a 5% stock dividend. Right before the stock dividend, F Co. had 110,000 shares of $5 par common stock outstanding. The market

F Co. declares a 5% stock dividend. Right before the stock dividend, F Co. had 110,000 shares of $5 par common stock outstanding. The market price at declaration is $12 per share. Record the appropriate journal entry for the declaration. 9

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