The journal entry to record a large stock dividend includes a debit to Retained earnings and a credit to:
A)Retained Earnings.
B)Common Stock.
C)Cash.
D)Additional Paid-in Capital.

Question

Quizplus · Accepted Answer

Since this is a large stock dividend,the journal entry to record this stock dividend includes a debit to Retained Earnings and a credit to Common Stock for the par value of the stock issued.

The Journal Entry to Record a Large Stock Dividend Includes