At the beginning of 20x5, Spur Corporation had 68,000 shares of $10 par value common stock issued and outstanding. During January 20x5, Spur declared and distributed a 10 percent stock dividend. The market value of Spur's stock was $25 throughout the month of January. The entry to be recorded for the declaration of stock dividend is
A) Stock Dividends 170,000 Common Stock Distributable 68,000Additional Paid-in Capital 102,000
B) Common Stock Distributable 170,000 Common Stock 170,000
C) Common Stock Distributable 170,000 Common Stock 68,000Retained Earnings 102,000
D) Stock Dividends 68,000 Cash 68,000
A
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