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Give the journal entries to record 1 the declaration of the

Question - Vine Corporation has 30,000 shares of $8-par value common stock currently outstanding when a 400% stock dividend is declared. At the time of the declaration, the market price of the stock was $500 per share. Give the journal entries to record (1) the declaration of the dividend and (2) the distribution of the dividend.

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Accounting Basics: Give the journal entries to record 1 the declaration of the

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