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Question 25 3.33 pts On May 1, 2020. Vail Corporation has 100,000 shares of $10 par common stock issued and 90,000 shares outstanding. The stock
Question 25 3.33 pts On May 1, 2020. Vail Corporation has 100,000 shares of $10 par common stock issued and 90,000 shares outstanding. The stock is currently trading at $12 per share. Assuming that Vail declares and distributes a 15% stock dividend, the necessary journal entry on May 1 would include: Adebit to Retained Earnings for $135,000, and a credit to Common Stock for $135,000, A debit to Retained Earnings for $180,000 acredit to Common Stock for $150,000, and a credit to Additional Paid-in Capital - Common Stock for $30,000 A debit to Retained Earnings for $162,000, a credit to Common Stock for $135,000, and a credit to Additional Paid-in Capital - Common Stock for $27.000 A debit to Retained Earnings for $162,000, and a credit to Common Stock for $162,000
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