A Corporation Had 50,000 Shares of $20 Par Value Common

Multiple Choice

A corporation had 50,000 shares of $20 par value common stock outstanding on July 1.Later that day the board of directors declared a 10% stock dividend when the market value of each share was $27.The entry to record this dividend is:

A)
B)
C)
D)
E) No entry is made until the stock is issued