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The stocks market value is 25 on march 1st just prior to

On March 1st, the directors of a corporation declared a 10% stock dividend distributable on March 31st to shareholders of record on March 15th. The stock's market value is $25 on March 1st (just prior to the dividend) and $35 on March 31st. Par Value is .01 and there are 1,000 shares outstanding. Record the dividend declaration in a journal entry.

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Managerial Accounting: The stocks market value is 25 on march 1st just prior to

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