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Tidwell corporation has 50000 shares of 10 par value common

1. Tidwell Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market value per share is $16. The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the stock dividend.

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Accounting Basics: Tidwell corporation has 50000 shares of 10 par value common

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