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Prepare the journal entry for the issuance of the dividend

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Question - On January 1, Jameson Corporation had 2,000,000 shares of $5 par value common stock outstanding. On March 31 the company declared a 10% stock dividend. Market value of the stock was $12 per share. As a result of this event,

Prepare the journal entry:

a) For the declaration of the dividend.

b) For the issuance of the dividend.

Reference no: EM132544376

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