Avuu-Rass: Attempt 1 d) None of these answers is correct. Question 14 (15 points) Tum-Tum Corp has 215,000 shares of common stock outstanding. The par value is $0.001 and the market value is $73.15 per share. On 24 January the Board of Directors declares a 15% stock dividend to be distribute on 11 February. The declaration would be recorded as a) Debit Dividend Distributable 32.25, Debit Retained Earnings 2,359.055.25 and Credit Retained Earnings 2,359,087.50 b) Debit Retained Earnings 2,359,087.50 and Credit Common Dividend Distributable 2,359,087.50 c) None of these answers is true. d) Debit Retained Earnings $2,359,087.50, Credit Common Dividend Distributable 32.25 and Credit Paid-in-Capital in Excess of Par $2.359,055.25