ACUN Question 10 On January 1, Waterway Corporation had 940000 shares of $10 par value common stock outstanding on March 31, the company declared 15% stock dividend. Market value of the stock was $15/share. As a result of this event, Waterway Paid in Capital in Excess of Par account increased $705000 Waterway total stockholders' equity was unaffected. Waterway Stock Dividends account increased $2115000, All of these answer choices are correct. Question 7 On December 31, 2020, Coronado, Inc. has 3700 shares of 5% $100 par value cumulative preferred stock and 60900 shares of $10 par value common stock outstanding, On December 31, 2020, the directors declare a $16200 cash dividend. The entry to record the declaration of the dividend would include: a credit of $16200 to Dividends Payable. O credit of $16200 to Cath Dividends. O a note in the financial statements that dividends of $5 per share are in arrears on preferred stock for 2020. a debit of $16200 to Common Stock