- vuu. - VETU,UUU. 12. cast Asian Imports, Inc. issued 15,000 shares of stock at a stated value of 58 per share. The total issue of stock sold for $15 per share. The journal entry to record this transaction would include a a. debit to Cash for $120,000. b. credit to Common Stock for $120,000. c. credit to Paid-in Capital in Excess of Par for $125,000. d. credit to Common Stock for $125,000. 13. Which of the following statements about dividends is not accurate? a. Many companies declare and pay cash quarterly dividends. b. Low dividends may mean high stock returns. c. The board of directors is obligated to declare dividends. d. A legal dividend may not be a feasible one