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Flint Corporation has outstanding 446,000 shares of $10 par value common stock. The corporation declares a 5% stock dividend when the fair value of the

Flint Corporation has outstanding 446,000 shares of $10 par value common stock. The corporation declares a 5% stock dividend when the fair value of the stock is $66 per share. Prepare the journal entries for Flint Corporation for both the date of declaration and the date of distribution

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