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h. XYZ Company declared a 2% stock dividend on common stock ($3 par). (Pretend there are 10,000 shares of common stock outstanding and that

  

h. XYZ Company declared a 2% stock dividend on common stock ($3 par). (Pretend there are 10,000 shares of common stock outstanding and that the current market value of a share of a common stock on that date was $20). DATE X/X Debit 600 600 Credit XYZ Company distributed the stock dividends from (h). DATE XIX Debit Credit

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