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:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, typically developed during infancy.

Out of Sight

A phrase often referring to something that is not currently visible or present, also used metaphorically to describe something forgotten or not considered.

Phrase

A grouping of words that together express a concept or part of a sentence but does not constitute a complete sentence on its own.

Fifth Sensorimotor Substage

Refers to the fifth stage in Piaget's theory of cognitive development in infants, focusing on experimenting and discovering new ways to solve problems.