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TheGuavaMaster

a debit to Stock Dividends.

 

The entry would be Stock Dividends debit; Stock Dividends Distributable credit; and Paid-In Capital in Excess of Par--Common Stock credit.


so Non of the above

Meochi

The correct answer to your question is:

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

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