Multiple Choice
When a stock dividend of less than 20−25% is declared and the market value exceeds the par or stated value of the shares, an amount equal to the market value of the shares to be distributed should be charged (debited) to which of the following accounts?
A) Stock Dividends
B) Stock Dividends Distributable
C) Paid-In Capital in Excess of Par
D) Capital Stock
Correct Answer:
Verified
Correct Answer:
Verified
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