Franklin, Inc. declares a 10% common stock dividend when it has 30,000 shares of $10 par value common stock outstanding. If the market value of $24 per share is used, the amounts debited to Retained Earnings and credited to Paid-in Capital in Excess of Par Value are: 
Definitions:
Random Sample
A method of selecting individuals from a population where each has an equal chance of being chosen, ensuring the sample's representativeness.
Preoperational Stage
The second stage in Piaget's theory of cognitive development, where children aged 2-7 years begin to think symbolically but are not yet able to perform operations, or reversible mental actions.
Understanding
The ability to grasp the meaning, significance, or nature of something, often involving comprehension of concepts and relationships.
Sisters
Female siblings who share one or both parents in common.
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