Business, 16.08.2020 14:01 LForNotKnowingMath
A company originally issued 13,000 shares of $6 par value common stock at $12 per share. The board of directors declares a12% stock dividend when the market price of the stock is $22 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A. Stock Dividends is credited for $34,320.
B. Stock Dividends is debited for $34,320.
C. Paid-In Capital in Excess of Parlong dash—Common is credited for $18,720.
D. Stock Dividends is debited for $18,720
Answers: 2
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A company originally issued 13,000 shares of $6 par value common stock at $12 per share. The board o...
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