A company originally issued 10,000 shares of $20 common stock at $22. The board of directors declares a 15% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the stock dividend? Income summary is debited for $37, 500. Common stock is debited for $30,000. Paid-in capital in excess of par is debited for $7, 500. Common stock is credited for $30,000. A corporation has $250,000 in retained earnings. The board of directors appropriates $50,000 for the purchase of a new building. Which of the following would be included in the entry to record this appropriation? Cash would be credited for $20,000. Appropriated retained earnings would be debited for $20,000. Retained earnings would be debited for $ 50,000. No formal entry would be made. A company originally issued 50,000 shares of $5 common stock at $9. The board of directors declares a 10 % stock dividend when the market price of the stock is $10 a share. Which of the following is included in the entry to record the stock dividend? Retained earnings is decreased, common stock is increased, and paid-in capital is decreased. Retained earnings is increased, common stock is increased, and paid-in capital is increased. Retained earnings is decreased, common stock is decreased, and paid-in capital is increased. Retained earnings is decreased, common stock is increased, and paid-in capital is increased