Carne Manufacturing Declared a 10% Stock Dividend When It Had

Multiple Choice

Carne Manufacturing declared a 10% stock dividend when it had 200,000 shares of $5 par value common stock outstanding. The market price per common share was $15 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to:

A) Stock Dividends of $300,000.
B) Paid-in Capital in Excess of Par for $200,000.
C) Common Stock for $300,000.
D) Stock Dividends for $100,000.