Question: The following stock dividends were declared and distributed by Sol Corp.: Percentage of common share outstanding at declaration date Fair value Par value 10 $15,000

The following stock dividends were declared and distributed by Sol Corp.:

Percentage of common share outstanding at declaration date Fair value Par value 10 $15,000 $10,000 28 40,000 30,800 What aggregate amount should be debited to retained earnings for these stock dividends?

a. $40,800

b. $45,800

c. $50,000

d. $55,000

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