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Business, 12.02.2021 06:00 LSDWW123w

Indigo Corporation has outstanding 303,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $71 per share. Prepare the journal entries for Indigo Corporation for both the date of declaration and the date of distribution.

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Indigo Corporation has outstanding 303,000 shares of $10 par value common stock. The corporation dec...
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