Business, 09.10.2019 21:30 savannahvargas512

On january 1, ripken corporation had 40,000 shares of $10 par value common stock outstanding. on march 17 the company declared a 10% stock dividend to stockholders of record on march 20. market value of the stock was $13 on march 17. the entry to record the transaction of march 17 would include aa. debit to stock dividends for $52,000.b. credit to cash for $52,000.c. credit to common stock dividends distributable for $52,000.d. credit to common stock dividends distributable for $12,000.

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On january 1, ripken corporation had 40,000 shares of $10 par value common stock outstanding. on mar...

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