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Question 7 6 pts Tin Att 49 If a corporation declares a 15% stock dividend...

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Question 7 6 pts Tin Att 49 If a corporation declares a 15% stock dividend on its $10 par value common stock when the market value of the stock was $10, the account to be credited on the date of declaration is Common Stock Dividends Distributable. Paid-in Capital in Excess of Par Stock Dividends Common Stock D Question 8 6 pts On January 1, LoraLee Corporation had 200,000 shares of $10 par value common stock issued and 140,000 shares outstanding. On June 10, the company declared a 12% stock dividend to stockholders of record on June 19. Market value of the stock was $16 on June 10. The stock was distributed on June 25. The entry to record the transaction on June 25 would include a O credit to Stock Dividends for $268,800, O credit to Paid-in Capital in Excess of Par for $144,000. credit to Common Stock for $168,000 credit to Common Stock Dividends Distributable for $168,000 credit to Common Stock Dividends Distributable for $240,000

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