On January $1,Z$ Corporation had $50,000$ shares of $$3$ par common

stock outstanding. On June $1,$ when the stock had a FMV of $$25/$

share, the company declared a $10\%$ stock dividend. The entry to

record the transaction of June $1$ would include a

A$)$ debit to Retained Earnings for $$15,000.$

B$)$ debit to Retained Earnings for $$125,000.$

C$)$ credit to Common Stock Dividends Distributable for $$110,000.$

D$)$ credit to PICEP for $$15,000.$

Assume the same information as in question #$13,$ except that $Z$ Corp

declared a $100\%$ stock dividend. The entry to record the transaction

of June $1$ would include a

A$)$ debit to Retained Earnings for $$150,000.$

B$)$ debit to Retained Earnings for $$1,250,000.$

C$)$ credit to Common Stock Dividends Distributable for $$1,250,000.$

D$)$ credit to PICEP for $$150,000.$