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v Sunland Compary has 100,000 common shares outstandirw. Because it wants to retain its cash for other purposes, the company desided to issue stock dividends
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Sunland Compary has 100,000 common shares outstandirw. Because it wants to retain its cash for other purposes, the company desided to issue stock dividends to its shareholders. The market price of each 5 unland Company stare was $23. (a)] Prepare the journal entries if the company decides to declare and issue a BW stock dividend. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) When issued Step by Step Solution
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