If a corporation declares a 10% stock dividend on its common stock, the account to be debited on the date of declaration is

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When a corporation declares a stock dividend, it debits the Stock Dividends account, which represents the value of the dividend declared. This account is used to record the distribution of additional shares to shareholders, rather than affecting the Common Stock account directly at the time of declaration.

If a Corporation Declares a 10% Stock Dividend on Its