To Record a 3% Stock Dividend, Accountants Use ________

question 99

Multiple Choice

To record a 3% stock dividend, accountants use ________. To record a 60% stock dividend, accountants use ________.

• A)market price per share; market price per share
• B)par value per share; par value per share
• C)par value per share; market price per share
• D)market price per share; par value per share

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Definitions:

Supreme Power

The highest authority or power in a given context, often referring to sovereign governments or entities.

Common Law

A body of legal principles that derives from judicial decisions rather than statutes or written legislation.

Inquisitorial System

A legal system where the court or a part of the court is actively involved in investigating the facts of the case, common in civil law jurisdictions.

Supreme Law

Refers to the highest form of law in a legal jurisdiction, to which all other laws must conform and in accordance with which they must be interpreted.