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  3. on february 5 , the directors declare a 2% stock d

On February 5 , the directors declare a 2% stock dividend distributable on February 28...

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Accounting

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On February 5 , the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. repare entries to record both the dividend declaration and its distribution. Journal entry worksheet 2 Record the declaration of a 2% stock dividend. The stockhoiders' equity section of TVX Company on February 4 follows. On February 5 , the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. 1. Prepare entries to record both the dividend deciaration and its distribution. Journal entry worksheet Record the distribution of a 2% stock dividend. Note: Enter debits hefore credits

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