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Record the declaration and issuance of the share dividend

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Question: Chopra Inc. had 250,000 common shares issued and outstanding on December 31, 2019. On September 15, the board of directors declared a 10% share dividend to shareholders of record on October 1; the distribution was November 1. The market prices of the respectively. Prepare the journal entries for Chopra Inc. to record the declaration and issuance of the share dividend.

Reference no: EM132765898

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