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Unlike a stock split, a stock dividend requires a formal journal entry in the financial dccounting records because: No answer for this question. stock dividends

Unlike a stock split, a stock dividend requires a formal journal entry in the financial dccounting records because:
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stock dividends increase the relative book value of an individual's stock holdings.
stock dividends represent a transfer from retained earnings to capital stock.
stock splits increase the relative book value of an individual's stock holdings.
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