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:

Cost Savings

The reduction in costs achieved through efficiency improvements, strategic purchase, or avoiding unnecessary expenses.

CCA Class

In Canadian taxation, a classification system for capital assets that determines the rate at which they can be depreciated.

Annual Operating Costs

The total expenses associated with running a business or operating a piece of equipment over one year.

Equivalent Annual Cost

A financial analysis tool used to compare the cost efficiency of two or more investments or projects with different lifespans by normalizing their costs on an annual basis.