Business, 21.12.2019 00:31 johnnydenali67

Luke enterprises has 300,000 shares of $20 par common stock outstanding. on january 19, luke enterprises declared a 3% stock dividend. the market price of the stock on january 19 was $28 per share.
the journal entry to record the stock dividend would include:

a) a debit to stock dividends distributable for $252,000.
b) a debit to cash for $252,000.
c) a credit to stock dividends for $180,000.
d) none of these choices are correct.

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Luke enterprises has 300,000 shares of $20 par common stock outstanding. on january 19, luke enterpr...

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