Global Corporation had 53,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 20% stock dividend when the market value of each share was $30. The entry to record the dividend declaration Is Mutiple Choice No entry is made unl the stock is ssued Debit Retained Eamings $212,000; credit Common Stock Dividend Distributable $212,000 Debit Retained Earnings $318,000 credit Common Stock Dividend Distributable $212,000 credit Paid-in Capital n Excess of Par Velue, Common Stock $106,000 Debit Retained Eamings $318.000, credit Common Stock Dividend Distributable $318.000 Pre 21 of 25 Next > 8 command option