If a Corporation Declares a 10% Stock Dividend on Its

question 6

Multiple Choice

If a corporation declares a 10% stock dividend on its common stock, the account to be debited on the date of declaration is

• A)Common Stock Dividends Distributable.
• B)Common Stock.
• C)Paid-in Capital in Excess of Par.
• D)Stock Dividends.

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Definitions:

Text Highlight Color

A feature in text editing and word processing applications that allows users to change the background color of selected text for emphasis or organization.

Redo Button

A feature in software applications that reverses the last undo action, allowing users to reapply changes they had previously reversed.

Quick Access Toolbar

A customizable toolbar in Microsoft Office programs that provides convenient access to frequently used commands.

Change Case Button

A feature in word processing software that allows users to quickly change the case of selected text to uppercase, lowercase, title case, etc.