Remaining Time: 54 minutes, 06 seconds. Question Completion Status: QUESTION 40 2 points On January 1, Layline Corporation had 160.000 shares of 510 par value common stock outstanding on June 17, the company declared a 15% stock dividend to stockholders of record on June 20 Market value of the stock was 515 on June 17 The stock was distributed on June 30. The entry to record the transaction of June 30 would include a debit to Common Stock Dividends Distributable for $360,000 credit to Common Stock for $240,000 debit to Stock Dividends for $120.000 credit to Paid-in Capital in Excess of Par for $120.000 QUESTION 41 2 points Saye The balance sheet for Otam Corporation reports Bonds Payable of $200.000 and Discount on Bonds Payable of $12,000. What is the carrying value of the bands? S188.000 $212.000 Cannot be determined $200,000 QUESTION 42 2 points Restrictinn retained earninns for the cost four stock chased is a