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Epic Incorporated has 10,000 shares of $2 par value common stock outstanding. Epic declares a...

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Accounting

Epic Incorporated has 10,000 shares of $2 par value common stock outstanding. Epic declares a 5% stock dividend on July 1 when the stock's market value is $8 per share. The stock dividend is distributed on July 20. Journal entry worksheet Record the declaration of a \(5\%\) stock dividend. Note: Enter debits before credits.Journal entry worksheet Record the distribution of \(5\%\) stock dividend. Note: Enter debits before credits.

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