On January 1, Concord Corporation had 87000 shares of $10 par value common stock outstanding. On June 17, the company declared a 10% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a credit to Cash for $113100 credit to Common Stock Dividends Distributable for $113100. credit to Common Stock Dividends Distributable for $26100, debit to Stock Dividends for $113100 The following selected amounts are available for Vaughn Company. Retained earnings (beginning) $890 Net loss 100 Cash dividends declared 120 Stock dividends declared 90 What is its ending retained earnings balance? e $580 $680 $790 0 $770 During 2020, Miami Inc. had sales revenue $1,328,000, gross profit $728,000, operating expenses $398,000, cash dividends $90,000, other expenses and losses $40,000. TES corporate tax rate is 30%. What was Miami's Income tax expense for the year? $87,000 $60,000 $180,000 $398,400 Paiva Corporation splits its common stock 2 for 1, when the market value is $80 per share. Prior to the split, Palva had 100,000 shares of $10 par value common stock Issund and outstanding. After the split, the par value of the stock Os reduced to $2 per share. O is reduced to $5 per share O is reduced to $20 per share. remains the same