Rick Co. had 25 million shares of $2 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Directors declared and distri common stock dividend when the market value of its common stock was $54 per share. In recording this transaction, Rick would: Multiple Choice None of these answer choices are rrect. Debit retained earnings for $27.00 million. Credit common stock for $27.00 million. Credit paid-in capital-excess of par for $27.00 million.

Rick Co. had 25 million shares of $2 par common stock outstanding at January 1, 2021. In October 2021. Rick Co.'s Board of Directors declared and dist common stock dividend when the market value of its common stock was $54 per share. In recording this transaction, Rick would: Multiple choice None of these answer choices are correct Debit ietained earmings for 52700 milison Gredit common stock for $2700 mition Cieal poid in captei-excess of por for $2700 milion Rick. Co hod 25 million shares of \$2 par common stock outstanding at January 1, 2021, ln October. 2021, Rick Co.s Board of Directors dectared and distributed a 2% common stock dividend when the market value of its common stock was $54 per share. In tecording this transaction, Rick would: Muiltiple Chion None of these onswer choices ere correct Debe retened earniss for $2700 mitian. Credr conminan stock for 52700 million. Grpdit paid it ceptlal-escess of per for $2700 milion