Question: A corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share. common stock, $5
A corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share. common stock, $5 par. 100,000 shares authorized, 50,000 shares issued $250,000 Paid in capital in excess of par-common 150,000 Retained earnings 500.000 Total stockholders' equity $900,000 Which of the following would be included in the entry to record the distribution of a 15% stock dividend? O Common Stock-$5 Par Value would be credited for $37,500. O Retained Earnings would be debited for $35,000. Paid-In Capital in Excess of Par-Common is debited for $35,000. Retained Earnings would be credited for $60,000
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