The shareholders' equity section of Manning Company as of December 31, 2010 follows:
The company declares and distributes a 3 percent stock dividend on the outstanding shares. The market price of the stock is $85 per share. The journal entry to record the stock dividend would include:
a. a debit to Additional Paid-In Capital, Common Stock for $25,500.
b. a credit to Common Stock for $1,800.
c. a credit to Stock Dividend for $25,500.
d. a debit to Additional Paid-In Capital, Common Stock for $23,700.
Definitions:
Social Mirror
A metaphorical concept suggesting that individuals or societies reflect the behavior and values of those around them.
Self-awareness
The conscious knowledge of one’s own character, feelings, motives, and desires.
Social Dilemma
A situation in which individual interests conflict with collective wellbeing, often requiring cooperation to achieve the best overall outcome.
Perceptions
A rephrased definition: The way individuals perceive and interpret their surroundings through their sensory experiences, which can vary widely from person to person.
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