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Which occurs to common shares in resulting journal? entry

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Problem 1: A corporation distributes a? 10% stock dividend. Which of the following occurs to common shares in the resulting journal? entry?

A. Debit for the number of new shares times the average issue price of all of the existing shares

B. Credit for the number of new shares times the book value of the shares

C. Credit for the number of new shares times the market value of the shares on the date of declaration

D. Debit for the number of new shares times the market value of the shares on the date of declaration

Reference no: EM132725821

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