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Brown Company has 266,000 shares of $5 par value common stock outstanding. Brown declares a...

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Accounting

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Brown Company has 266,000 shares of $5 par value common stock outstanding. Brown declares a 40% stock dividend on March 2 when the stock's market value is $61 per share. The journal entry for the declaration of the stock dividend is: Multiple Choice No journal entry is required for the declaration of a stock dividend

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