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Hillary Corporation has 100,000 common shares that have been issued. The company declares a 5% stock dividend on December 1 to shareholders of record on
Hillary Corporation has 100,000 common shares that have been issued. The company declares a 5% stock dividend on December 1 to shareholders of record on December 20. The shares are issued on January 10. The share price is $15 on December 1, $14.50 on December 20, and $14.75 on January 10. Prepare the entries on these dates to record the stock dividend
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