Multiple Choice
Which of the following is true with regard to a stock dividend?
A) It results in a transfer of retained earnings to contributed capital.
B) It does not require a journal entry.
C) It is accounted for in exactly the same manner as a stock split.
D) It increases the number of shares outstanding and involves a pro rata reduction in the par value per share.
Correct Answer:
Verified
Correct Answer:
Verified
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