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Prepare the journal entries for Grouper Corporation

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Reference no: EM132653564

Question - Grouper Corporation has outstanding 438,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $65 per share.

Required - Prepare the journal entries for Grouper Corporation for both the date of declaration and the date of distribution.

Reference no: EM132653564

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