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Huron Company had 50,000 shares of $50 par value common stock outstanding on June 30,...

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Accounting

Huron Company had 50,000 shares of $50 par value common stock outstanding on June 30, 2016. On July 1, the board of directors declared a 10% stock dividend when the market value of each share was $54. The journal entry on July 1 will include: Question 4 options: A) A credit to Stock Dividend Distributable for $270,000 B) A debit to Retained Earnings for $250,000 C) A credit to Stock Dividend Distributable for $250,000 D) A credit to Paid-in capital in excess of par value $270,000.

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