1. If given the following information, how many shares of common stocks is to be issued for this stock dividend? Common stock, $10 par, 1,000,000 shares issued.

The company declares a 2% stock dividend.

a. 200,000

b. 10,000,000

c. 20,000

d. 10,000

2. If given the following information, how much should be credited to stock dividends distributable? Common stock, $10 par, 1,000,000 shared issued.

The company declares a 2% stock dividend when the market price is $12 per share.

a, 200,000

b. 100,000

c. 2,000,000

d. 240,000