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Chadwick Corporation has 450000 common shares outstanding The corporation declares a 6% stock dividend when the shares fair value is $30 per share (their carrying value is

Chadwick Corporation has 450,000 common shares outstanding. The corporation declares a 6% stock dividend when the shares fair value is $30 per share (their carrying value is $18 per share). Prepare the journal entries for the company for both the date of declaration and the date of distribution.

Jun 16 2020 View more View Less

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