Dolanski Company Declares and Distributes a 30% Common Stock Dividend

question 128

Multiple Choice

Dolanski Company declares and distributes a 30% common stock dividend when it has 50,000 shares of $10 par common stock outstanding. The market price per share is $30 at the date of declaration. Which journal entry is prepared?

• A)debit Retained Earnings $450,000, credit Common Stock $150,000 and credit Paid-in Capital in Excess of Par-Common $300,000
• B)debit Retained Earnings $450,000, credit Paid-in Capital in Excess of Par-Common $500,000
• C)debit Retained Earnings $450,000 and credit Common Stock $450,000
• D)debit Retained Earnings $150,000 and credit Common Stock $150,000

Recognize the importance of continuous improvement and innovation in maintaining a competitive edge.

Realize the significance of customer relationship management in contemporary business operations.

Understand the different types of health insurance coverage (hospital, surgical, physician).

Recognize the importance of having health insurance and its impact on society.

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Definitions:

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits which negatively affect a person's physical or mental health.

Insulin Resistance

A condition in which cells in the body respond poorly to insulin, leading to elevated blood sugar levels and increasing the risk of type 2 diabetes.

Balanced Diet

A diet that contains the appropriate proportions of carbohydrates, fats, proteins, vitamins, minerals, and water necessary to maintain good health.

Premenstrual Dysphoric Disorder

A severe form of premenstrual syndrome characterized by significant mood disturbances and physical symptoms.