Swifty Corporation has 46,500 shares of $13 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (
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Swifty Corporation has 46,500 shares of $13 par value common stock outstanding. It declares a 15% st...
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