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Business, 09.10.2019 22:00 megs87

John jones company has 20,000 shares of $100 par value common stock. assuming that the proper journal entry was made to record a 5% common stock dividend on the declaration date when the market value of the stock was $135, which of the following accounts would be debited when the stock dividend is distributed? a. retained earnings. b. dividends payable. c. common stock dividends distributable. d. paid-in capital in excess of par value.

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