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Journalize the following selected transactions completed during the current fiscal year:
Mar. 4 The board of directors of New Town, Inc. declared a stock split that reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 500,000.
26 Declared a dividend of $1.75 per share on the outstanding shares of common stock.
Apr. 5 Paid the dividend declared on March 26.
Nov. 1 Declared a 5% stock dividend on the common stock outstanding the fair market value of the stock to be issued is $25).
Dec. 1 Issued the certificates for the common stock dividend declared on November 1.
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The process through which individuals learn new norms, values, attitudes, and behaviors to adapt to new social roles or environments.
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Ideas and theories formulated to understand and explain various aspects of society and social behavior.
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An American sociologist known for his theory of the social self, which explains how an individual’s personality develops in the context of social processes.
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