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A corporation had 50,000 shares of $15 par value common stock outstanding. The board of directors declared and issued a 5% stock dividend. The market
A corporation had 50,000 shares of $15 par value common stock outstanding. The board of directors declared and issued a 5% stock dividend. The market value of the stock was $36 per share. What is the journal entry to record this stock dividend? Mumple Choice Debit Retained Earnings for $90.000, credit Common Stock for $37.500, and credit Additional Paid in Capital for $52,500 Debit Retained Earnings and credit Common Stock for $37,500 Debit retained Earnings and credit Cain for 390.000 Den Petained furnings and credit Common Stock for $10,000 Dute Pretained Earnings for $127.500, creat Common Shock for $92,300, and credit raditional Pain C for $90,000
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