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Amin Company has 200,000 shares of $20 par value common stock outstanding. On April 15, 2019 the company declared a 40% stock dividend. The current

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Amin Company has 200,000 shares of $20 par value common stock outstanding. On April 15, 2019 the company declared a 40% stock dividend. The current market value of the stock was $30 per common share. The journal entry on April 15 will include: Select one: A. A credit to Stock Dividend Distributable for $1,600,000 OB. A credit to Stock Dividends Distributable for $2,400,000 C. A debit to Retained Earnings for $2,400,000 OD. A credit to Paid-in Capital in excess of par value, Common Stock for $800,000

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