The per share amount normally assigned by the board of directors to a stock dividend is
A) the fair value at the distribution date.
B) the average price paid by shareholders on total shares issued.
C) the fair value at the declaration date.
D) zero.

Question

Quizplus · Accepted Answer

The per share amount assigned by the board of directors to a stock dividend is typically the fair value at the declaration date. This value is used to determine the amount of the dividend and how it is recorded in the financial statements.

The Per Share Amount Normally Assigned by the Board of Directors