On January 1, Sway Corporation Had 60,000 Shares of $10

question 139

Multiple Choice

On January 1, Sway Corporation had 60,000 shares of $10 par value common stock outstanding. On March 17, the company declared a 10% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The entry to record the transaction of March 17 would include a

• A) credit to Stock Dividends for $18,000.
• B) credit to Cash for $78,000.
• C) credit to Common Stock Dividends Distributable for $60,000.
• D) debit to Common Stock Dividends Distributable for $60,000.

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A political organization and army in South Vietnam and Cambodia that fought the United States and South Vietnamese governments during the Vietnam War, utilizing guerrilla warfare.

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