The Journal Entry to Record the Issuance of a Stock

question 37

Multiple Choice

The journal entry to record the issuance of a stock dividend is to:

• A) debit Common Stock Dividend Distributable; credit Common Stock.
• B) debit Common Stock Dividends Distributable; credit Dividends Payable.
• C) debit Retained Earnings; credit Common Stock Dividends Distributable; credit Paid-in Capital in Excess of Par Value-Cash Dividend.
• D) debit Common Stock Dividend Distributable; credit Cash.

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