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Moving to another question will save this response Question 5 1 points Sav Awal Company had 60,000 shares of $10 par value common stock outstanding
Moving to another question will save this response Question 5 1 points Sav Awal Company had 60,000 shares of $10 par value common stock outstanding on March 1. On April 18 when the market value per share was $13, the company declared a 15% stock dividend to stockholders of record on April 28. The stock was distributed on May 6. The entry to recoed the distribution of May 6 would include a A debit to Retained Earnings Oced to Cash OC credit to Paid-in Capital in Excess of Par Value OD. debit to Common Stock Dividend Distributable
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