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Question(s) / Instruction(s):

 A company originally issued 10,000 shares of $5 common stock at $9. The board of directors declares an 8% stock dividend when the market price of the stock is $10 a share. Which of the following is included in the entry to record the stock dividend?  

a)            Retained earnings is debited for $4,000.  

b)            Common stock is credited for $4,000.  

c)            Common stock is credited for $8,000.  

d)            Retained earnings is debited for $8,000.  

 

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