Shriver Food Systems, Inc., has issued a 50 percent stock dividend. The company has 800,000 shares authorized
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Shriver Food Systems, Inc., has issued a 50 percent stock dividend. The company has 800,000 shares authorized and 200,000 shares outstanding. The par value of the stock is $5 per share, and the market value is $100 per share. Record the payment of this stock dividend.
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