A corporation reported the following equity section on its current balance sheet.The common stock is currently selling for $15.00 per share. 
Which of the following would be included in the entry to record the distribution of a 15% stock dividend?
A) Common Stock-$6 Par Value would be credited for $51,300.
B) Stock Dividends would be debited for $95,400.
C) Paid-In Capital in Excess of Par-Common is debited for $95,400.
D) Stock Dividends would be credited for $51,300.
Correct Answer:
Verified
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