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On January 1. Sly Corporation had 150,000 shares of $10 par value common stock outstanding on March 17. the company declared a 15% stock dividend

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On January 1. Sly Corporation had 150,000 shares of $10 par value common stock outstanding on March 17. the company declared a 15% stock dividend to stockholders of record on March 20. Market value of the stock was $16 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include O a credit to Cash for $225,000. O b. debit to Common Stock Dividends Distributable for $225.000 c. credit to Paid-in Capital in Excess of Par for $135.000. d. debit to Stock Dividends for $360,000

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