The Journal Entry to Record the Issuance of a Stock

question 19

Multiple Choice

The journal entry to record the issuance of a stock dividend is to:

• A)debit Common Stock Dividend Distributable (number of shares × par value common stock);credit Common Stock (same).
• B)debit Common Stock Dividends Distributable (number of shares × market value common stock);credit Common Stock (same).
• C)debit Retained Earnings (market value × number of shares);credit Common Stock Dividends Distributable (number of shares × par value);credit Paid-in Capital in Excess of Par Value-Stock Dividend.
• D)debit Common Stock Dividend Distributable (number of shares × par value);credit Cash.

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Definitions:

Violent Sports Competition

Athletic events that involve a high risk of physical harm or aggressive behavior among participants.

Media Violence

This term denotes the representation of violent or aggressive behavior in various media forms, which is often debated for its potential influence on real-world aggression.

Psychologically Normal

Refers to behavioral, cognitive, and emotional patterns that align with societal norms and expectations, often seen as typical or within the range of average functioning.

Stalkers

Individuals who persistently follow, watch, contact, or harass someone else, often leading to the victim feeling fearful or distressed.