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Record the necessary journal entries

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Question - On September 1, the board of directors of Colorado Outfitters, Incorporated, declares and issues a stock dividend on its 21,000, $12 par, common shares. The market price of the common stock is $41 on this date.

Required - Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split.

Reference no: EM133183978

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