A corporation reported the following equity section on its current balance sheet

The common stock is currently selling for $15.00 per share.

Common Stock, $6 par, 106,000 shares authorized,57,000 shares issued and outstanding $342,000
Paid in Capital in Excess of Par 150,000
Retained Earnings 500,000
Total Stockholders' Equity $992,000

Which of the following would be included in the entry to record the distribution of a 15% stock dividend?
A) Common Stock-$6 Par Value would be credited for $51,300.
B) Stock Dividends would be debited for $95,400.
C) Paid-In Capital in Excess of Par-Common is debited for $95,400.
D) Stock Dividends would be credited for $51,300.


A .A) Common Stock 57,000 shares x 15% x $6 = $51,300

Business

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