Kingdcn5112 Kingdcn5112

11-10-2022
Business

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epic incorporated has 10,800 shares of $2 par value common stock outstanding. epic declares a 13% stock dividend on july 1 when the stock’s market value is $16 per share. the stock dividend is distributed on july 20. prepare journal entries for (a) declaration and (b) distribution of the stock dividend.

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