Key corporation has 40,000 shares of $10 par value common stock outstanding and retained earnings of $820,000. the company declares a 100 percent stock dividend. the market price at the declaration date is $17 per share. prepare the journal entries for (1) the declaration of the dividend and (2) the issuance of the dividend.
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Key corporation has 40,000 shares of $10 par value common stock outstanding and retained earnings of...
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