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The company pays a stock dividend of 300,000 shares to its shareholders. The market value of the shares is $10 per share and the par

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The company pays a stock dividend of 300,000 shares to its shareholders. The market value of the shares is $10 per share and the par value is $1. There are 1,000,000 shares outstanding. How would the company record the issuance of the stock dividend? Cash [Choose ] > Dividends payable [Choose ] Retained earnings [Choose] >

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