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What the entry to record declaration of a stock dividend

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Reference no: EM132604156

Question 1: Hamilton Inc. has 1,000 common shares issued at $100 and currently trading at $200. The entry to record declaration of a 10% stock dividend is

a.) debit Retained Earnings $100,000, credit Cash $100,000.

b.) debit Common Stock Dividends Distributable $20,000, credit Common Shares $20,000.

c.) debit Stock Dividends $20,000, credit Common Stock Dividends Distributable $20,000.

d.) debit Common Stock Dividends Distributable $100,000, credit Retained Earnings $100,000.

Reference no: EM132604156

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