Chadwick Corporation has 450,000 common shares outstanding. The corporation declares a 6% stock dividend when the common
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Chadwick Corporation has 450,000 common shares outstanding. The corporation declares a 6% stock dividend when the common shares' fair value is $30 per share. (Their carrying value is $18 per share.) Prepare the journal
entries for the company for both the date of declaration and the date of distribution.
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Related Book For 
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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