Which of the Following Is the Journal Entry to Record

question 7

Multiple Choice

Which of the following is the journal entry to record the declaration of a stock dividend?

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

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Definitions:

Social Skills

The abilities necessary for effective interpersonal communication, interaction, and social engagement.

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The process of measuring the weight of the brain, often conducted during an autopsy to identify any abnormalities.

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Intelligence is the cognitive ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

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The amount of water contained in a substance, which can affect the substance's properties, such as freshness in foods or hydration in the body.