At the Beginning of 2013,Helms Corporation Had 34,000 Shares of $10

Multiple Choice

At the beginning of 2013,Helms Corporation had 34,000 shares of $10 par value common stock issued and outstanding.During January 2013,Helms declared and distributed a 10 percent stock dividend.The market value of Helms's stock was $24 throughout the month of January.The entry to be recorded for the declaration of stock dividend is:

A) Stock Dividends 81,600
Common Stock Distributable 34,000
Additional Paid-in Capital 47,600
B) Common Stock Distributable 81,600
Common Stock 81,600
C) Common Stock Distributable 81,600
Common Stock 34,000
Retained Earnings 47,600
D) Stock Dividends 68,000
Cash 68,000