Davis Enterprises has 290,000 shares of $5 par value common stock outstanding Davis declares a 40% stock dividend on March 2 when the stock's market value is $73 per share. The journal entry for the declaration of the stock dividend is: Multiple Choice No journal entry is required for the declaration of a stock dividend Account Title Retained Earnings Common Stock Dividend Distributable Account Title Natainen Fannines Debit 500,000 Credit 500,000 Debit Credit Pray 14 of 20 Next>>