Begin with the Information Provided,but Assume Instead That Saucy Declared

question 40

Multiple Choice

Begin with the information provided,but assume instead that Saucy 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)$200,000.

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