Which of the following is the journal entry to record the declaration of a stock dividend?
A. Debit Common Stock Dividend Distributable (number of shares * par value common stock); credit Common Stock (same)
B. Debit Common Stock Dividend Distributable (number of shares * market value common stock); credit Common Stock (same)
C. Debit Retained Earnings (market value * number of shares); credit Common Stock Dividend Distributable (number of shares * par value); credit Paid-In Capital in Excess of Par Stock Dividend (market value - par value) * number of shares
D. Debit Common Stock (number of shares * par value); credit Cash
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Home » Business » Which of the following is the journal entry to record the declaration of a stock dividend? A. Debit Common Stock Dividend Distributable (number of shares * par value common stock); credit Common Stock (same) B.