Assume that Bricks declared a stock dividend of 3,000 shares on its $5 par value common stock.The investment elimination entry required to prepare a consolidated balance sheet immediately after the stock dividend is issued will include a debit to Retained Earnings for:
A) $185,000.
B) $65,000.
C) $155,000.
D) $140,000.
Correct Answer:
Verified
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