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

question 38

Multiple Choice

Assume instead 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 Additional Paid-In Capital for:

• A)$65,000.
• B)$95,000.
• C)$50,000.
• D)$110,000.