Cloud Manufacturing Declared a 10% Stock Dividend When It Had

question 15

Multiple Choice

Cloud Manufacturing declared a 10% stock dividend when it had 700,000 shares of $3 par value common stock outstanding. The market price per common share was $12 per share when the dividend was declared. The entry to record this dividend declaration includes a credit to

• A) Stock Dividends for $210,000.
• B) Paid-in Capital in Excess of Par for $630,000.
• C) Common Stock for $210,000.
• D) Common Stock Dividends Distributable for $840,000.

---

Definitions:

Families of Deceased Patients

Relatives or close ones affected by the loss of a patient, often requiring special consideration and support from healthcare providers.

All of the Above

A phrase used in multiple-choice tests or discussions to indicate that all listed options are correct or applicable.

Cycle Billing

A billing method where clients are billed at different times during the month based on a predetermined schedule or cycle.

Computerized Billing

A process of sending bills and invoices electronically using computer programs, which automates billing functions and often reduces paperwork.