When a 10% Stock Dividend Was Declared,only the Par Value

question 100

Multiple Choice

When a 10% stock dividend was declared,only the par value was recorded and the excess over par value was ignored.This error would cause:

• A)the period end assets to be overstated.
• B)the period end liabilities to be overstated.
• C)the period end stockholders' equity to be overstated.
• D)None of these is correct.

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