uestion 9 (1 point) On December 1, 2017, Arthur, Inc. had 43,000 shares of $9 par value common stock issued and outstanding. The next day it declared a 50% stock dividend. The market value of the stock on that date was $12 per share. Which of the following is the correct journal entry to record this transaction? A) debit Common Stock $193,500 and credit Cash $193,500 B) debit Stock Dividends $193,500 and credit Common Stock Dividend Distributable $193,500 C) debit Stock Dividends $516,000 and credit Cash $516,000 D) debit Stock Dividends $516.000, credit Common Stock $387,000, and credit Paid-In Capital in Excess of Par $129,000