Rocco Corporation decides to issue a 7.5% stock dividend on 20,000 outstanding shares of $10 stated value common stock. The distribution is made at the time the market value of the stock is $50 a share. How will the entry to record this transaction affect the company's stockholders' equity accounts? Common StockPaid-in capital inexcess of statedvalue-commonRetained EarningsA.$200,000 $300,000 ($500,000)B.$15,000 NA ($ 15,000)C.$15,000 $ 60,000 ($75,000)D.$100,000 NA ($100,000)
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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