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On July 1. Stubbs Corporation had 300,000 no-par value common shares outstanding. On this day the board of directors declared as share dividend The fair

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On July 1. Stubbs Corporation had 300,000 no-par value common shares outstanding. On this day the board of directors declared as share dividend The fair market value of each share was $12. A possible entry to record this dividend is Multiple Choice 180/000 Share Dividend Declared Common Share Dividend Distributable 180 DOO 1BOOOO Share Dividend Declared Cash 18000 180.000 Common Share Dividend Distributable Share Dividend Declared 180.00 100.000 Share Dividend Declared Common Shore Dividend Distributable 100,000 No entry

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