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:

Intellectual Functioning

A measure of a person's ability to learn, reason, make decisions, and solve problems; often associated with IQ (Intelligence Quotient) scores.

Discrepant Performance

A situation where there is a significant difference between expected outcomes and actual results, often used in educational and psychological assessments.

School Engagement

The degree of a student's cognitive, emotional, and behavioral involvement in academic and learning activities.

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The extent to which a student has attained their short or long-term educational goals, often measured by standardized tests or by grades.