When a Stock Dividend Was Declared Above Par the Excess

question 15

Multiple Choice

When a stock dividend was declared above par the excess was ignored and only the par value was used.This error would cause:

• A)the period end assets to be overstated.
• B)the period end liabilities to be overstated.
• C)the period end stockholders' equity to be overstated.
• D)None of these are correct.

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