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On January 1, Cheyenne Corp. had 82000 shares of $10 par value common stock outstanding. On May 7 the company declared a 15% stock dividend
On January 1, Cheyenne Corp. had 82000 shares of $10 par value common stock outstanding. On May 7 the company declared a 15% stock dividend to stockholders of record on May 21. Market value of the stock was $15 on May 7. The entry to record the transaction of May 7 would include a?
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