The journal entry to record the issuance of a stock dividend is which of the following?


A. Debit Common Stock Dividends Distributable (number of shares × market value common stock); credit Common Stock (same)

B. Debit Common Stock Dividend Distributable (number of shares × par value common stock); credit Common Stock (same)

C. Debit Retained Earnings (market value × number of shares); credit Common Stock Dividends Distributable (number of shares × par value); credit Paid-In Capital in Excess of Par-Stock Dividend

D. Debit Common Stock Dividend Distributable (number of shares × par value); credit Cash

(Don't just choose anything. Make sure you are specific and 100% about the answer. Do not answer if you do not know.)