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H3Ko H3Ko
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7 years ago
A company originally issued 14,000 shares of $5 par value common stock at $12 per share. The board of directors declares an 14% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A) Stock Dividends is debited for $24,500.
B) Common Stock$5 Par Value is credited for $47,040.
C) Stock Dividends is debited for $49,000.
D) Common Stock is credited for $49,000.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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