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Gordon Corporation reported the following equity section on its current balance sheet. The common stock currently selling for $11.50 per share. Which of the following
Gordon Corporation reported the following equity section on its current balance sheet. The common stock currently selling for $11.50 per share. Which of the following would be included in the entry to record a 10% stock dividend? Common stock would be debited for $20,000. Retained earnings would be debited for $46,000. Common stock would be credited for $46,000. Paid-in capital in excess of par common would be credited for $46,000
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