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A company originally issued 11,000 shares of $10 par value common stock at $12 per...

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Accounting

A company originally issued 11,000 shares of $10 par value common stock at $12 per share. The board of directors declares a 10% stock dividend when the market price of the stock is $15 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 $16,500

B. Stock Dividends is credited for $16,500

C. Paid-In Capital in Excess of Par - Common is credited for $13,200

D. Stock Dividends is debited for $13,200

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