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Prepare journal entry to record the following issuances of stock; A corporation issued 700 shares of no-par common stock to its promoters in exchange for

Prepare journal entry to record the following issuances of stock;

A corporation issued 700 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $800.

The stock has a $1 per share stated value.

Why three dates are important in dividend relevance?

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