If a Corporation Declares a 10% Stock Dividend on Its

question 135

Multiple Choice

If a corporation declares a 10% stock dividend on its common shares, the account to be debited on the date of declaration is

• A)Stock Dividends Distributable.
• B)Common Shares.
• C)Share Capital.
• D)Stock Dividends.

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Definitions:

Proper Owner

The legitimate or rightful holder of property, who has legal title or claim to it.

Mortgage Transaction

A financial agreement where a borrower receives funds secured by the value of real property, which is to be repaid with interest over time.

Mortgagee

The lender or financial institution that provides the loan in a mortgage agreement.

Mortgagor

The borrower in a mortgage loan agreement, who pledges real property as security for the repayment of the mortgage debt.