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Your company has 50,000 shares authorized, 25,000 issued, and 15,000 shares outstanding of $10 par value common stock when the board of directors declared a
Your company has 50,000 shares authorized, 25,000 issued, and 15,000 shares outstanding of $10 par value common stock when the board of directors declared a 15% stock dividend. At the time of the dividend, the market value per share was $25.
- Calculate the dollar value of the stock dividend
- Create a journal entry to record the transaction.
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