Business, 21.05.2021 17:30, naomirice24

Gonzales Company declared and distributed a 10% stock dividend when it had 800,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $60 per share when the dividend was declared. The journal entry to record the stock dividend would include a credit to:. a. Common Stock $800,000.
b. Stock Dividends $1,200,000.
c. Additional Paid-in Capital -Common $4.720,000.
d. Retained Earnings $800,000.

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Gonzales Company declared and distributed a 10% stock dividend when it had 800,000 shares of $1 par...