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A Corporation Had 40,000 Shares of $10 Par Value Common

Question 92

Multiple Choice

A corporation had 40,000 shares of $10 par value common stock outstanding on August 1.Later that day,the board of directors declared a 9% stock dividend when the market value of each share was $72.The entry to record this dividend is:


A) A corporation had 40,000 shares of $10 par value common stock outstanding on August 1.Later that day,the board of directors declared a 9% stock dividend when the market value of each share was $72.The entry to record this dividend is: A) B) C) D) E) No entry is made until the stock is issued
B) A corporation had 40,000 shares of $10 par value common stock outstanding on August 1.Later that day,the board of directors declared a 9% stock dividend when the market value of each share was $72.The entry to record this dividend is: A) B) C) D) E) No entry is made until the stock is issued
C) A corporation had 40,000 shares of $10 par value common stock outstanding on August 1.Later that day,the board of directors declared a 9% stock dividend when the market value of each share was $72.The entry to record this dividend is: A) B) C) D) E) No entry is made until the stock is issued
D) A corporation had 40,000 shares of $10 par value common stock outstanding on August 1.Later that day,the board of directors declared a 9% stock dividend when the market value of each share was $72.The entry to record this dividend is: A) B) C) D) E) No entry is made until the stock is issued
E) No entry is made until the stock is issued

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