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The entry to record the declaration of a stock dividend would include:
Guarantee
A formal promise or assurance, typically in writing, that certain conditions will be fulfilled, particularly relating to product quality or loan repayment.
Indemnity
Protection or security against financial liability or loss.
Personal Property Security Act
Legislation that provides a legal framework for the creation and registration of security interests in personal property (assets other than real estate) to secure payment or performance of an obligation.
Guaranteed
A promise or assurance, often backed by an entity or document, that certain conditions will be fulfilled or met.
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