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What entry to distribute the shares will require a debit to

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Problem 1: The board of directors declares a? 10% stock dividend. There are 20,000 common shares authorized and 10,000 outstanding common shares. The current market price of the shares is? $12 per? share; the average issue price was? $10 per share. The entry to distribute the shares will require a debit to? _______.

A. common stock dividend distributable for $10,000
B. common stock dividend distributable for $12,000
C. retained earnings for $24,000
D. common shares for

Reference no: EM132702828

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