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On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par value of $3 per share

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Product Description

On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par value of $3 per share. On March 31, Alpha Corporation authorized a 10% stock dividend whenthe market value was $10 per share. Use this information to prepare the General Journal entry(without explanation) for March 31. If no entry is required then write "No Entry Required."

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