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Prepare all pertinent journal entries

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Question - BC Co. has 50,000 ordinary shares that are issued and outstanding at a par value of Php10. In declaring and distributing a 50% stock dividend, BC initially issued only 20,000 new shares; the other shares were not issued because some investors did not own BC shares in even multiples of 10. To these shareholders, BC issued fractional shares. Prepare all pertinent journal entries.

Reference no: EM133128046

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