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