The date a board of directors votes to pay a dividend is called the: Date of stockholders' meeting. Date of declaration. Date of record. Date of payment. Liquidating date. Treasury stock is classified as: An asset account. A contra asset account. A revenue account. A contra equity account. A liability account. New Corp. issues 2,000 shares of $ 10 par value common stock at $ 14 per share. When the transaction is recorded, credits are made to Common Stock $20,000 and Paid-in Capital in Excess of Stated Value $8,000. Common Stock $28,000. Common Stock $20,000 and Paid-in Capital in Excess of Par Value $8,000. Common Stock $20,000 and Retained Earnings $8,000