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Record the declaration and payment of the stock dividend

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Reference no: EM132745397

Problem - Heller Company has 10,000 shares of Common Stock with a par value of $1. Heller declared and paid a 12% stock dividend on December 31, 2016 when the company's shares were selling for $23 per share. Record the declaration and payment of the stock dividend.

Reference no: EM132745397

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