A corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share.
Which of the following would be included in the entry to record a 10% stock dividend?
A) Common stock would be credited for $25,000.
B) Common stock would be debited for $25,000.
C) Paid-in capital in excess of par-common is debited for $35,000.
D) Retained earnings would be credited for $60,000.
Correct Answer:
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