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Make the entries on the appropriate dates

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Question - On March 1, Sheridan Ltd. had 407,000 common shares issued and the balance in its Common Shares account was $610,500. The company declared a 5% stock dividend to shareholders of record on March 14, to be distributed on March 31. The fair value per share was $4 on March 1, $3.85 on March 14, and $4.35 on March 31. Make the entries on the appropriate dates to record the stock dividend.

Reference no: EM132605915

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