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On January 1 , Nordheim Corporation had 600,000 shares of $10 par value common stock outstanding. On March 1, the company declared a 10% stock

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On January 1 , Nordheim Corporation had 600,000 shares of $10 par value common stock outstanding. On March 1, the company declared a 10% stock dividend. The market value of the stock was $15 per share. The correct entry on March 1 includes: A) a credit to Stock Dividends for $900,000. B) a credit to Stock Dividends for $600,000. C) a credit to Stock Dividends Distributable for $600,000. D) a credit to Paid-in Capital in Excess of Par for $900,000

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