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Prepare the entries on the appropriate dates

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Question - On March 1, Sunland Ltd. had 418,000 common shares issued and the balance in its Common Shares account was $627,000. 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. Prepare the entries on the appropriate dates to record the stock dividend.

Reference no: EM132509748

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