On June 30, the board of directors of Sandals, Inc., declares a 100% stock dividend...
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Accounting
On June 30, the board of directors of Sandals, Inc., declares a 100% stock dividend on its 30,000, $1 par, common shares. The market price of Sandals common stock is $35 on June 30. Record the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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