Use the Following Information for Questions

Multiple Choice

Use the following information for questions
On January 1, BearBack Corporation had 300,000 common shares issued.On April 10, the company declared a 10% stock dividend to be distributed on April 30.The market value of the shares was $7 on April 10 and $10 on April 30.
-The entry to record the transaction of April 10 would include a

A) credit to Retained Earnings for $30,000.
B) credit to Cash for $210,000.
C) credit to Stock Dividends Distributable for $210,000.
D) debit to Stock Dividends Distributable for $300,000.