The per share amount normally assigned by the board of directors to a small stock dividend is
A) the market value of the stock on the date of declaration.
B) the average price paid by stockholders on outstanding shares.
C) the par or stated value of the stock.
D) zero.
Correct Answer:
Verified
Q118: Paid-In Capital in Excess of Stated Value
A)is
Q119: Ranier Company is authorized to issue 10,000
Q120: The following data is available for Blaine
Q121: The effect of the declaration of a
Q122: Township, Inc.has 10,000 shares of 5%, $100
Q124: The board of directors must assign a
Q125: Retained earnings are occasionally restricted
A)to set aside
Q126: On February 1, Barton Corporation issued 5,000
Q127: When no-par value stock does not have
Q128: A 10% stock dividend will increase the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents