A Corporation Reported the Following Equity Section on Its Current

question 126

Multiple Choice

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.

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