On January 1, Sway Corporation Had 60,000 Shares of $10

question 177

Multiple Choice

On January 1, Sway Corporation had 60,000 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 entry to record the transaction of March 17 would include a

• A)credit to Stock Dividends for $18,000.
• B)credit to Cash for $78,000.
• C)credit to Common Stock Dividends Distributable for $60,000.
• D)debit to Common Stock Dividends Distributable for $60,000.

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Definitions:

Axons

Long, threadlike extensions of a nerve cell that transmit electrical impulses away from the neuron's cell body.

Sensory Division

Part of the nervous system responsible for receiving and processing sensory information from the environment.

Peripheral Nervous System

The Peripheral Nervous System consists of the nerves and ganglia outside of the brain and spinal cord, involved in transmitting information to and from the central nervous system.

Central Nervous System

The Central Nervous System consists of the brain and spinal cord, serving as the primary processing center for the entire nervous system.