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Business, 26.05.2021 17:00 YeshaKira

Marcy Company declared and issued a 15% common stock dividend on January 1, 2005, when the market price of their common stock was $12 per share. The journal entry to record the stock dividend will: A) debit Retained Earnings by $18,000. B) credit Common Stock Dividend Distributable, $15,000 C) credit Contributed Capital in excess of par, Common Stock, $21,000 D) credit Common Stock Dividend Distributable, $10,500 E) credit Contributed Capital in excess of par, Common Stock, $7,500

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Marcy Company declared and issued a 15% common stock dividend on January 1, 2005, when the market pr...

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