Question: Question 55 Current Attempt in Progress On January 1, Crane Corporation had 84000 shares of $10 par value common stock outstanding. On June 17, the

Question 55 Current Attempt in Progress On January 1, Crane Corporation

Question 55 Current Attempt in Progress On January 1, Crane Corporation had 84000 shares of $10 par value common stock outstanding. On June 17, the company declared a 10% stock dividend to stockholders of record on June 20, Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a credit to Cash for $109200 debit to Stock Dividends for $109200. credit to Common Stock Dividends Distributable for $109200. credit to Common Stock Dividends Distributable for $25200. Attempts: 0 of 1 used Save for Later Check

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