The entry to record the distribution of a three for one stock split of 100 shares of $15 par stock with a market value of $18 is:

a. Retained Earnings 1,500

Common Stock Dividend Distributable 1,500

b. Common Stock Dividend Distributable 1,800

Common Stock 1,500

Common Stock Dividend Distributable 300

c. Retained Earnings 1,800

Paid-in Capital in Excess of Par value - Stock 300

Common Stock Dividend Distributable 1,500

d. Common Stock Dividend Distributable 1,500

Common Stock 1,500

When stock is issued under a stock subscription plan

a. paid in capital in excess of par does not exist

b. common stock is credited.

c. stock is recorded only at the par value

d. common stock subscribed is the account used until the cash is received