Question: ItemSkipped eBookAsk Check my workCheck My Work button is now enabled 5 Item 9 Belkin Incorporated has 1 0 0 , 0 0 0 shares

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Belkin Incorporated has 100,000 shares of $3 par value common stock outstanding. Belkin declares a 40% stock dividend on March 2 when the stocks market value is $72 per share.
Prepare the journal entry for declaration of the stock dividend.

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