Use the Following Information for Questions

Multiple Choice

Use the following information for questions
On January 1, Brunhilde Corporation had 240,000 common shares issued.On March 17, the company declared a 5% stock dividend to be distributed on March 30.The market value of the shares was $9 on March 17 and $12 on March 30.
-The entry to record the transaction of March 30 would include a

A) credit to Cash for $108,000.
B) debit to Stock Dividends Distributable for $108,000.
C) credit to Retained Earnings for $144,000.
D) debit to Stock Dividends for $108,000.