On July $1,$ Stubbs Corporation had $300,000$ no$-$par$-$value common shares outstanding. On this day the board of directors declared a $5\%$ share dividend. The fair market value of each share was $$12.$ Which of the following is correct as a possible entry to record this dividend?

Multiple Choice

$\backslash$table$[[$Share Dividend Declared,$180,000,],[$Cash$,,180,000]]$

No entry is required

$\backslash$table$[[$Share Dividend Declared,$100,000,],[$Common Share Dividend Distributable,,$100,000]]$

Firev

$7$ of $8$

Next