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Roundhouse Company declared a 5% stock dividend when it had 100,000 shares of $1 par value common stock outstanding. The market price per common share

Roundhouse Company declared a 5% stock dividend when it had 100,000 shares of $1 par value common stock outstanding. The market price per common share was $8 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to

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