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8 of 50 < > View Policies Current Attempt in Progress On January 1, Oriole Corporation had 83000 shares of $10 par value common stock
8 of 50 < > View Policies Current Attempt in Progress On January 1, Oriole Corporation had 83000 shares of $10 par value common stock outstanding. On June 17, the company declared a 15% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a credit to Common Stock Dividends Distributable for $161850. credit to Common Stock Dividends Distributable for $37350. debit to Stock Dividends for $161850. credit to Cash for $161850
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