Alpha Corporation has 50.000 shares of $ 10 par dividend when the fair market value of the common stock is $15. The Stock Dividends account will be credited for $50,000. debited for $50,000. credited for $75,000. debited for $75,000. Jones Corporation declares a 10% stock dividend on 10.000 shares of $10 par common stock when the fair market value of the stock is $12. The journal entry would involve a credit to the Retained Earnings account for $ 10.000. debit to the Common Stock Dividends Distributable account for $10,000. debit to the Stock Dividends account for $10,000. credit to the Common Stock Dividends Distributable account for $10,000. Holloway Corporation declared a 10% stock dividend on 100.000 shares of $10 par common stock. The fair market value of the stock on the declaration date was $30. The journal entry to record the declaration would involve a debit to Stock Dividends for $300.000. credit to the Common Stock Dividends Distributable account for $300,000. debit to the Retained Earnings account for $75,000. credit to the Common Stock account for $75,000