Use the Following Information for Questions

question 54

Multiple Choice

Use the following information for questions
On January 1, Brunhilde Corporation had 240,000 common shares issued. On March 17, the company declared a 5% stock dividend to be distributed on March 30. The market value of the shares was $9 on March 17 and $12 on March 30.
-The entry to record the transaction of March 17 would include a

• A)credit to Retained Earnings for $12,000.
• B)credit to Cash for $108,000.
• C)credit to Common Stock Dividends Distributable for $108,000.
• D)debit to Common Stock Dividends Distributable for $144,000.

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Academic or training programs focused on subjects that involve numerical data, statistical analysis, and mathematical computations.

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