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Q1: Fly Ltd.'s common shares currently trade at $40 per share (100,000 shares outstanding which were originally sold for $25 apiece). On January 18th, the

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Q1: Fly Ltd.'s common shares currently trade at $40 per share (100,000 shares outstanding which were originally sold for $25 apiece). On January 18th, the corporation declares a 5% share dividend (distributable on February 28th). Make the Jan 18and Feb 28" journal entries

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