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

---

Definitions:

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect in a given set of observations.

Point Estimate

A single value or statistic that serves as the best guess or best estimate of an unknown population parameter.

Population Proportion

The fraction of members in a statistical population that meet a specified characteristic or criteria, often estimated using sample data.

Defective Items

Products that fail to meet quality standards or specifications and are therefore unsuitable for sale or use.