Question: Williamson Company declared and distributed a 10% stock dividend when it had 100,000 shares of $1 par value common stock outstanding. The market price per

Williamson Company declared and distributed a 10% stock dividend when it had 100,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $30 per share when the dividend was declared. The journal entry to record the stock dividend would include a credit to:

A) paid-in capital in excess of par -$290000

B) Common stock $100000

C) Retained earning $100,000

D)Retained earnings $10,000

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