Ng Company had 28 million shares of $1 par common stock outstanding on January 1, 2024. In October 2024, Ng Company's Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $52 per share. In recording this transaction, Ng would?

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Ng Companys journal entry for the stock dividend When Ng Company distributes a stock dividend there ... View the full answer