Sheridan Manufacturing declared a 10% stock dividend when it had 780000 shares of $3 par value common stock outstanding. The market price per common share was $11 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to O Stock Dividends for $234000. O Common Stock Dividends Distributable for $858000. O Common Stock for $234000. O Paid-in Capital in Excess of Par for $624000. Save for Later Attempts: 0 of 1 used Submit Answer