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:
Verified
Q23: Kelly Corporation has experienced profits greater than
Q24: Table 14-1
The board of directors declares a
Q25: When a corporation distributes a 10% stock
Q26: Stock dividends:
A) decrease total shareholders' equity
B) have
Q27: Stock dividends increase _ and decrease _.
A)
Q29: Table 14-2
Following is the shareholders' equity
Q30: A shareholders' ownership percentage in the shares
Q31: The common stock dividend distributable account will
Q32: Which of the following will reduce retained
Q33: Table 14-1
The board of directors declares a
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