On january 1, the board of directors of zion, inc. declare a 10% stock dividend. on this date, there were 10,000 shares of $1 par value stock issued and outstanding and the market value was $5 per share. on march 15, the date of payment, zion issued the stock. the entry necessary on march 15 would include a (credit/debit) to common stock dividends distributable for

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is: