The Entry to Record the Declaration and Distribution of a Stock

question 26

Multiple Choice

The entry to record the declaration and distribution of a stock dividend includes a:

• A)credit to Common Stock and a debit to Retained Earnings.
• B)debit to Stock Dividends Payable and a credit to Stock Dividends.
• C)debit to Stock Dividends Payable and a credit to Retained Earnings.
• D)debit to Retained Earnings and a credit to Stock Dividends Payable.

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Definitions:

International Institute

An organization dedicated to fostering cooperation and research on global issues across nations.

Unification

Unification refers to the process of making or becoming unified or whole, often by bringing together previously separate parts or entities.

Private Law

Law that involves suits between private individuals or groups.

Trust Corpus

The principal amount of assets held in a trust, as distinguished from the income generated by those assets.