Which One of the Following Events Would Not Require a Formal

question 169

Multiple Choice

Which one of the following events would not require a formal journal entry on a corporation's books?

• A) 2 for 1 stock split
• B) 100% stock dividend
• C) 2% stock dividend
• D) $1 per share cash dividend

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Definitions:

Productivity

The measure of how efficiently goods and services are produced, often assessed by the output per unit of input, such as labor or capital.

Graze Cattle

The process of feeding cattle by allowing them to roam and eat grass or other ground vegetation.

Agree

To have the same opinion about something or to consent to a proposal or view.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.