Which of the Following Statements Is Correct

question 62

Multiple Choice

Which of the following statements is correct?

• A) The Common Stock Dividends Distributable account is shown as a current liability on the balance sheet.
• B) When a stock dividend is distributed,no assets leave or enter the corporation.
• C) When a stock dividend is declared,the total amount debited to Retained Earnings is the par value,or stated value,of the shares to be issued.
• D) When a stock dividend is declared,the total amount of the dividend is debited to the Common Stock account.

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Definitions:

Hippocampus

A part of the brain involved in the formation of new memories and is also associated with learning and emotions.

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood, controlling basic emotions and drives.

Cerebellum

A part of the brain at the back of the skull in vertebrates, responsible for coordinating and regulating muscular activity.

Complex Action Planning

The process of formulating, organizing, and executing multifaceted sets of actions towards achieving a specific goal.