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What is included in the entry to record the declaration

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Reference no: EM133025856

Question - A company originally issued 19,000 shares of $7 par value common stock at $11 per share. The board of directors declares a 10?% stock dividend when the market price of the stock is $19 a share. What is included in the entry to record the declaration of a stock? dividend?

A. Stock Dividends is debited for $18,050.

B. Common Stock is credited for $36,100.

C. Common Stock-$7 Par Value is credited for $34,200.

D. Stock Dividends is debited for $36,100.

Reference no: EM133025856

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