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Journal Entries: 1.) Declared 5% stock dividends on the $10 par common stock when the market price was $25 per share. There were 25600 shares

Journal Entries:

1.) Declared 5% stock dividends on the $10 par common stock when the market price was $25 per share. There were 25600 shares outstanding.

2.) Distributed the stock dividends declared above.

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