Multiple Choice
Which of the following occurs when a corporation's board of directors declares a 10% stock dividend?
A) Retained Earnings will be credited for the new shares times the current market value of the stock.
B) Retained Earnings will be debited for the new shares times the current market value of the stock.
C) Retained Earnings will be debited for the new shares times the par value of the stock.
D) Retained Earnings will be credited for the new shares times the par value of the stock.
Correct Answer:
Verified
Correct Answer:
Verified
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