Solved

When a Corporation Distributes a 5% Stock Dividend That Was

Question 28

Multiple Choice

When a corporation distributes a 5% stock dividend that was previous declared,the journal entry will include:


A) debit a liability and credit common shares
B) debit common stock dividend distributable and credit common shares
C) debit retained earnings and credit common shares
D) debit common shares and credit common stock dividend distributable

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents