Multiple Choice
A corporation reported the following equity section on its current balance sheet.The common stock is currently selling for $22.00 per share.
Which of the following would be included in the entry to record the distribution of a 17% stock dividend?
A) Common Stock-$6 Par Value would be credited for $52,020.
B) Stock Dividends would be debited for $104,040.
C) Paid-In Capital in Excess of Par-Common is debited for $104,040.
D) Stock Dividends would be credited for $52,020.
Correct Answer:
Verified
Correct Answer:
Verified
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