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Prepare the closing entry at year-end

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Phobos Corporation declared an 8% stock dividend when there were 100,000 $5 par shares of common stock outstanding and the market price of the stock was $10 per share. Prepare the closing entry at year-end.

The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.

Reference no: EM132324773

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