Assume That Bricks Declared a Stock Dividend of 3,000 Shares

question 5

Multiple Choice

Assume that Bricks declared a stock dividend of 3,000 shares on its $5 par value common stock.The investment elimination entry required to prepare a consolidated balance sheet immediately after the stock dividend is issued will include a debit to Retained Earnings for:

• A)$185,000.
• B)$65,000.
• C)$155,000.
• D)$140,000.

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