Multiple Choice Rick Co. had 29 million shares of $3 par common stock outstanding at January 1, 2018. In October 2018, Rick Cols Board of Directors declared and distributed a 3% common stock dividend when the market value of its common stock was $54 per share. In recording this transaction, Rick would Credit pald-in capital-excess of par for $46.98 million. None of these answer cholces are correct. Debit retained earnings for $46.98 million. Saved Credit common stock for $46.98 million. Help Save & Exit Sub

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