If a Corporation Declares and Distributes a 10% Stock Dividend

question 12

Multiple Choice

If a corporation declares and distributes a 10% stock dividend on its common shares,the account debited is:

• A)Dividends Payable.
• B)Common Stock.
• C)Additional Paid-in Capital.
• D)Retained Earnings.

---

Definitions:

Work

Activities involving mental or physical effort done in order to achieve a purpose or result, typically associated with employment.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including exercise and activities undertaken while working, playing, or performing daily chores.

Mental Activity

The operation of the mind through processes like thinking, learning, memory, perception, and problem-solving.

Goods

Tangible items that are produced, bought, or sold, serving as objects of commerce and economic transactions.