Use the Following Information for Questions

question 103

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 17 would include a

• A)credit to Retained Earnings for $12,000.
• B)credit to Cash for $108,000.
• C)credit to Stock Dividends Distributable for $108,000.
• D)debit to Stock Dividends Distributable for $144,000.

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Definitions:

Factors Of Production

The component parts, skill sets, or information required to produce a product or service, usually classified as land, labor, or capital.

Assembly-Line Worker

A person who works in a manufacturing or production facility, performing a specific task repeatedly as part of a sequential process to assemble products.

Car-Manufacturing

The process of engineering, designing, and assembling components to produce vehicles, often involving complex supply chains and technologies.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to the interconnectedness of the world economy.