On January 1, Hamblin Corporation Had 90,000 Shares of $10

question 6

Multiple Choice

On January 1, Hamblin Corporation had 90,000 shares of $10 par value common stock outstanding. On March 17 the company declared a 10% stock dividend to stockholders of record on March 20. Market value of the stock was $13 on March 17. The stock was distributed on March 30. The entry to record the transaction of March 30 would include a

• A) credit to Cash for $90,000.
• B) debit to Common Stock Dividends Distributable for $90,000.
• C) credit to Paid-in Capital in Excess of Par Value for $27,000.
• D) debit to Stock Dividends for $27,000.

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Definitions:

Destructive

Causing damage or harm in a deliberate or careless manner, potentially leading to negative outcomes or reduced functionality.

Hostility

Aggressive behaviors, actions, or attitudes stemming from dislike or animosity.

Process Conflict

The clash in viewpoints in relation to how to carry out work.

Carry Out

To execute or perform a task, duty, or plan as planned or expected.