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eBook Show Me How Calculator Entries for Stock Dividends Alpine Energy Corporation has 1,500,000 shares of $10 par common sto

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August 2 Stock Dividends 4500000 =1500000*5%*60
       Stock Dividends Distributable 750000 =1500000*5%*10
       Paid in Capital in excess of par-Common Stock 3750000
September 15 No entry required
October 8 Stock Dividends Distributable 750000
       Common Stock 750000
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