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can you explain how to get answer The shareholders' equity section...

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Accounting

can you explain how to get answer
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The shareholders' equity section of the Waish Corporation at December 31 of the prior year is presented below OA June 1 of the current year, the board of directors of Walsh Corporation deciared a 10% stock dividend on common shares, to be distributed on September 1 . The market price of Walsh's common stock was $24,00 on June 1 of the current year, and $26.00 on June 1. Required: 1. Prepare thejoumal entries to record the declaration and distribution of the stock dividend. 2. Prepare the shareholders' equity section of the year-end balance sheet. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect

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