The stock dividends distributable account is listed in the current liability section of the balance sheet. True of False. blem 2-Short Problems 40 points Show and label your work for maximum points! A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% dividend on a date when the market price was $11 a share. Determine the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend. Show and label all of your work. (5 points) 4