Use This Information to Answer the Following Question

question 196

Multiple Choice

Use this information to answer the following question. Pinnacle Corporation has 90,000 shares of $10 par value common stock outstanding.The following transactions occurred during the year:
Mar. 17 Declared a 10 percent stock dividend to stockholders of record on March 20. Market value of the stock was $22 on March 17.
Mar. 30 Distributed the stock dividend.
-The entry to record the transaction of March 30 is:

• A)Common Stock Distributable 90,000 Common Stock 90,000
• B)Common Stock Distributable 90,000 Retained Earnings 108,000
• Common Stock 198,000
• C)Common Stock Distributable 198,000 Common Stock 90,000
• Additional Paid-in Capital 108,000
• D)Common Stock Distributable 90,000 Cash 90,000

---

Definitions:

Paleoanthropological Methods

Techniques and approaches used in the study of ancient human and hominid fossils, artifacts, and their environmental contexts.

Oral Life Histories

A method of gathering data in anthropology and history through recorded interviews that capture personal experiences and reflections.

Analyzing Artifacts

The examination and study of objects made by humans in the past to understand historical cultures and societies.

Genetic Analyses

The study of DNA sequences to understand genetic variations and relationships among individuals or species.