hite Corp. has 300,000 shares of $1 par common stock issued and outstanding on November 1. Currently, the stock is trading at $8 per share. If White Corp. issues a 40% stock dividend, which of the following will be in the journal entry to record the stock dividend?

• A. Cr. Additional Paid In Capital - Common Stock $840,000
• B. Dr. Retained Earnings $120,000
• C. Dr. Retained Earnings $960,000
• D. Cr. Common Stock $960,000