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

question 11

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 15% 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 for $27,000.
• D)debit to Stock Dividends for $27,000.

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Definitions:

Personality Theorist

A psychologist or scholar who specializes in the study of personality, developing theories to explain personal identity and individual differences.

Henry Murray

An American psychologist best known for developing the theory of needs, which identified specific psychogenic needs that motivate human behavior.

Assertiveness

The quality of being self-assured and confident without being aggressive, allowing for the expression of one's needs and desires in a clear and respectful manner.

Personality Trait

A consistent pattern of thought, behavior, or emotion that is stable across time and situations.