The journal entry to record the issuance of a stock dividend is which of the following?
A. Debit Common Stock Dividends Distributable (number of shares * market value common stock); credit Common Stock (same)
B. Debit Common Stock Dividend Distributable (number of shares * par value common stock); credit Common Stock (same)
C. Debit Retained Earnings (market value * number of shares); credit Common Stock Dividends Distributable (number of shares * par value); credit Paid-In Capital in Excess of Par-Stock Dividend
D. Debit Common Stock Dividend Distributable (number of shares * par value); credit Cash
(Don't just choose anything. Make sure you are specific and 100% about the answer. Do not answer if you do not know.)
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