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On September 1, 2022, Margo Corporation had 58,000 shares of stock outstanding. The next day, Margo Corporation declared a 100% common stock dividend when
On September 1, 2022, Margo Corporation had 58,000 shares of stock outstanding. The next day, Margo Corporation declared a 100% common stock dividend when the market price of its $4 par value common stock was $121 per share. What is the related journal entry for this stock dividend? Account No Journal Entry Required Debit Credit
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
