Use the Following Information for Questions

question 37

Multiple Choice

Use the following information for questions
On January 1, Brunhilde Corporation had 240,000 common shares issued.On March 17, the company declared a 5% stock dividend to be distributed on March 30.The market value of the shares was $9 on March 17 and $12 on March 30.
-The entry to record the transaction of March 30 would include a

• A)credit to Cash for $108,000.
• B)debit to Stock Dividends Distributable for $108,000.
• C)credit to Retained Earnings for $144,000.
• D)debit to Stock Dividends for $108,000.

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Definitions:

Cause-And-Effect

A relationship between two variables where a change in one variable (cause) directly results in a change in another variable (effect).

SAT Scores

Standardized test scores from the Scholastic Assessment Test, used in the United States for college admissions to assess a student's readiness for higher education.

GPA

Grade Point Average, a standardized measure of academic achievement calculated by averaging the numerical values assigned to grade letters.

Lurking Variables

Hidden variables that are not measured in a study but can influence the relationship between the studied variables, potentially leading to misleading conclusions.