Multiple Choice
When a 10% stock dividend was declared,only the par value was recorded and the excess over par value was ignored.This error would cause:
A) the period end assets to be overstated.
B) the period end liabilities to be overstated.
C) the period end stockholders' equity to be overstated.
D) None of these is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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