Multiple Choice
Which of the following is true about a stock dividend.
A) Assets decrease and owners' equity decreases
B) Assets increase and Liabilities increase
C) Contributed Capital increases and Retained earnings decreases
D) Liabilities decrease and Contributed Capital Increases
Correct Answer:

Verified
Correct Answer:
Verified
Q109: As a discount on notes payable is
Q110: The cash payment on an installment note
Q111: The journal entry to record the distribution
Q112: Mustang Corporation issued 5,000 shares of $1
Q113: Rollins Corporation has 1,000,000 shares of $4
Q115: Harper Corporation entered into the following transactions:<br>July
Q116: Foster Corporation has 800,000 shares of $3
Q117: All of the following would reduce the
Q118: When a corporation issues its own stock
Q119: Olio Corporation has 900,000 shares of $1