A corporation reported the following equity section on its current balance sheet.The common stock is currently selling for $22.00 per share.
Which of the following would be included in the entry to record the distribution of a 17% stock dividend?
A) Common Stock-$6 Par Value would be credited for $52,020.
B) Stock Dividends would be debited for $104,040.
C) Paid-In Capital in Excess of Par-Common is debited for $104,040.
D) Stock Dividends would be credited for $52,020.
Correct Answer:
Verified
Q116: Pearland,Inc.has 8,000 shares of preferred stock outstanding.The
Q119: Lafayette,Inc.was incorporated on January 1,2014.Lafayette issued 5,000
Q120: A corporation has 20,000 shares of 12%,$60
Q122: Happy Holidays,Inc.has 113,000 shares of common stock
Q123: Dividends in arrears are _.
A) a liability
Q123: ANS,Inc.has 50,000 shares of common stock outstanding
Q152: Which of the following is the correct
Q170: The declaration of a stock dividend creates
Q172: When the corporation declares a stock dividend,a
Q173: Which of the following occurs when 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