Multiple Choice
When a stock dividend is small, for example a 10% stock dividend,
A) Retained earnings is not reduced because the dividend is immaterial.
B) Retained earnings is reduced by the fair value of the stock.
C) Retained earnings is reduced to the par value of the stock.
D) Paid-in capital in excess of par value is unaffected.
Correct Answer:
Verified
Correct Answer:
Verified
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