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On June 30, the board of directors of Sandals, Inc., declares a 100% stock dividend on its 15,000, $1 par, common shares. The market price

On June 30, the board of directors of Sandals, Inc., declares a 100% stock dividend on its 15,000, $1 par, common shares. The market price of Sandals common stock is $20 on June 30. Record the stock dividend.

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