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.Gloria has 800,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year: a. During April, Gloria declared a
.Gloria has 800,000 shares of $1 par value common stock outstanding. The following transactions occurred during the year: a. During April, Gloria declared a 5% stock dividend when the market price of the stock was $100 per share. b. During May, Gloria distributed the stock dividend. C. During June, Gloria declared a $0.75 per share cash dividend. d. During July, Gloria paid the cash dividend. Prepare the entries for each of these transactions. A
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
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