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Which is included in the entry to record the declaration

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Reference no: EM132879450

Proble 1: A company originally issued 14,000 shares of $5 par value common stock at $12 per share. The board of directors declares a 14% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the declaration of a stock dividend?

A) Stock Dividends is debited for $24,500.
B) Common Stock-$5 Par Value is credited for $47,040.
C) Common Stock is credited for $49,000.
D) Stock Dividends is debited for $49,000.

Reference no: EM132879450

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