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X. Steele Corp has 6,000 shares of common stock outstanding with a par value of $10 and a market value of $12. [25 Points] a.

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X. Steele Corp has 6,000 shares of common stock outstanding with a par value of $10 and a market value of $12. [25 Points] a. Its Board of Directors declares a 20% stock dividend. Record the declaration. b. Record the declaration and issuance if Steele Corp Board of Directors also declares a 60% stock dividend a few months later (in addition to the prior dividend)

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