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Business, 24.04.2020 22:19 BrodsterBj

Elmer Company has 500,000 shares of common stock authorized. The stock has a par value of $1.50 per share, and 150,000 shares are outstanding. The company declared a 5% stock dividend at a time when the market value was $7 per share. What entry, if any, should Elmer record for the declaration

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Elmer Company has 500,000 shares of common stock authorized. The stock has a par value of $1.50 per...
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