Sweet Dreams Inc. has 50,000 outstanding common shares with a even value of $ 10....
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Accounting
Sweet Dreams Inc. has 50,000 outstanding common shares with a even value of $ 10. On December 1, 2019, he declared a dividend in shares of 10% when the fair market value was $ 16 per share. The shares were issued on December 31, 2019.
Prepare the journal entries for the declaration and payment of the dividend in shares.
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