A company originally issued 13,000 shares of $6 par value common stock at $12 per...
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Accounting
A company originally issued 13,000 shares of $6 par value common stock at $12 per share. The board of directors declares a 12% stock dividend when the market price of the stock is $22 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A.
Stock Dividends is credited for $34,320.
B.
Stock Dividends is debited for $34,320.
C.
Paid-In Capital in Excess of
Parlong dashCommon
is credited for $18,720.
D.
Stock Dividends is debited for $18,720
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