The entry to record the declaration and distribution of a stock dividend includes a:
A) credit to Common Stock and a debit to Retained Earnings.
B) debit to Stock Dividends Payable and a credit to Stock Dividends.
C) debit to Stock Dividends Payable and a credit to Retained Earnings.
D) debit to Retained Earnings and a credit to Stock Dividends Payable.
Correct Answer:
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