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Prepare the journal entries if company decides to declare

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Question - Sealand Company has 90,000 common shares outstanding. Because it wants to retain its cash for other purposes, the company decided to issue stock dividends to its shareholders. The market price of each Sealand Company share was $23. Prepare the journal entries if the company decides to declare and issue a 10% stock dividend.

Prepare the journal entry if instead of declaring the stock dividend the company decides to split its shares two-for-one.

Reference no: EM133138635

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