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A Corporation Had 50,000 Shares of $20 Par Value Common

Question 118

Multiple Choice

A corporation had 50,000 shares of $20 par value common stock outstanding. The board of directors declared and issued a 50% stock dividend. The market value of the stock was $27 per share. What is the journal entry to record this stock dividend? A corporation had 50,000 shares of $20 par value common stock outstanding. The board of directors declared and issued a 50% stock dividend. The market value of the stock was $27 per share. What is the journal entry to record this stock dividend? A) Option: A B) Option: B C) Option: C D) Option: D


A) Option: A
B) Option: B
C) Option: C
D) Option: D

Correct Answer:

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