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Prepare the necessary journal entries assuming that the board votes for a 100% stock dividend...

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Accounting

Prepare the necessary journal entries assuming that the board votes for a 100% stock dividend at the fair value of the shares. (List
all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.
If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
(To record stock dividend declared)
(To record stock dividend paid)
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