Question: Brief Exercise 10-13 (Static) Record stock dividends (LO10-6) On June 30, the board of directors of Sandals, Incorporated, declares and issues a 100% stock dividend

Brief Exercise 10-13 (Static) Record stock dividends (LO10-6) On June 30, the board of directors of Sandals, Incorporated, declares and issues a 100% stock dividend on its 30,000, $1 par, common shares. The market price of Sandals common stock is $35 on June 30

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