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Help Corporation has 34,000 shares of $10 par value common stock issued and outstanding. Assume that Help Corp. declared a 10 percent stock dividend. The
Help Corporation has 34,000 shares of $10 par value common stock issued and outstanding. Assume that Help Corp. declared a 10 percent stock dividend. The current market price (value) of Help's stock is $28 per share. The correct entry to record the declaration of the stock dividend is: Question 41 options: Common Stock Distributable 95,200 Common Stock 34,000 Retained Earnings 61,200 Stock Dividends Declared [or Retained Earnings] 95,200 Common Stock Distributable 34,000 Additional Paid-in Capital 61,200 Stock Dividends Declared [or Retained Earnings] 95,200 Cash 95,200 Common Stock Distributable 95,200 Common Stock 95,200
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