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Business, 05.05.2020 22:59 chrissycherry

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. None of these choices are correct. d. a credit to Stock Dividends for $180,000.

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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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