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Randal Company has 25,000 shares of $10 par value common stock outstanding. Randal declares a 10% stock dividend on July 1 when the stock's
Randal Company has 25,000 shares of $10 par value common stock outstanding. Randal declares a 10% stock dividend on July 1 when the stock's market value is $35 per share. The stock dividend is distributed on July 20. The journal entry for the declaration of the stock dividend is: Please submit your file attachment response in one of the approved file formats; Word file (.doc or .docx), Excel file (.xls or .xlsx), or PDF. To submit photo or image files please paste them into Word or PDF. Consult with your instructor as needed on their preferred file attachment format. upload a response file (15MB max) Choose File No file chosen save
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