Which of the Following Is the Journal Entry to Record

question 7

Multiple Choice

Which of the following is the journal entry to record the declaration of a stock dividend?

• A) Debit Common Stock Dividend Distributable (number of shares × par value common stock); credit Common Stock (same)
• B) Debit Common Stock Dividend Distributable (number of shares × market value common stock); credit Common Stock (same)
• C) Debit Retained Earnings (market value × number of shares); credit Common Stock Dividend Distributable (number of shares × par value); credit Paid-In Capital in Excess of Par Value Stock Dividend (market value - par value) × number of shares
• D) Debit Common Stock (number of shares × par value); credit Cash

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Definitions:

Psychosexual Stage

In Freudian theory, one of the developmental stages in childhood during which personality and sexual behavior are shaped.

Anal Stage

In Freudian psychoanalysis, the second stage of psychosexual development, occurring from about age 2 to 3, where the focus of pleasure is the anus.

Unconscious Sexual Desires

Refers to desires, fantasies, or impulses that reside outside one's conscious awareness, often influencing behavior in subtle ways.

Phallic Stage

A phase in Freudian psychosexual development where a child's focus of libido is on the genital area and begins to identify with the same-sex parent.