When a 10% stock dividend was declared,only the par value was recorded and the excess over par value was ignored.This error would cause:

Name: When a 10% stock dividend was declared,only the par value was recorded and the excess over par value was ignored.This error would cause:
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

A stock dividend does not affect total stockholders' equity; it only transfers amounts within equity accounts. Ignoring the excess over par value does not affect the overall equity balance, so none of the options are correct.

When a 10% Stock Dividend Was Declared,only the Par Value