Question: Vaughn Manufacturing declared a 1 5 % stock dividend when it had 7 1 0 0 0 0 shares of $ 3 par value common

Vaughn Manufacturing declared a 15% stock dividend when it had 710000 shares of $3 par value common stock outstanding. The
market price per common share was $11 per share when the dividend was declared. The entry to record this dividend declaration
includes a credit to
Common Stock for $319500.
Stock Dividends for $319500.
Paid-in Capital in Excess of Par for $852000.
Common Stock Dividends Distributable for $1171500.
Attempts: 0 of 1 used
Vaughn Manufacturing declared a 15% stock dividend when it had 710000

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