The shareholders' equity section of Manning Company as of December 31, 2010 follows:
The company declares a 12 percent stock dividend on the outstanding shares. The market price of the stock is $90. The journal entry to record the stock dividend would include:
a. a credit to Additional Paid-In Capital, Common Stock for $100,800.
b. a debit to Common Stock for $7,200.
c. a credit to Stock Dividend for $108,000.
d. a debit to Additional Paid-In Capital, Common Stock for $108,000.
Definitions:
Directive Behavior
A leadership style characterized by providing clear instructions, guidance, and expectations to subordinates.
Achievement Oriented
A leadership style focused on setting challenging goals and encouraging high performance from team members.
Leader-Member Exchange
A theory in organizational behavior that focuses on the relationship between leaders and followers, suggesting that leaders develop different relationships with each member, impacting outcomes.
Job Outcomes
The results or outputs of individuals' work performances, including productivity, efficiency, quality, and satisfaction levels.
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