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Home Q & A Board Other Fields Homework Help Business Accounting
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Luikennoah Luikennoah
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5 years ago
Challenger Corporation currently has 120,000 shares outstanding of $1 par value common stock. The stock was originally issued for $12 per share. On March 15, the board of directors declares and distributes a 10% stock dividend when the stock is selling for $16 per share. Prepare the journal entry to record the stock dividend.
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Horngren's Accounting

Horngren's Accounting


Edition: 11th
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