The Account to Be Debited When a Stock Dividend Is

question 3

Multiple Choice

The account to be debited when a stock dividend is declared and distributed on the same date would be:

• A)Common Stock-Par Value.
• B)Retained Earnings.
• C)Cash.
• D)Paid-In Capital in Excess of Par-Common.

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Definitions:

Obedience

The act of following instructions or complying with commands, norms, or laws.

Individualism

Giving priority to personal goals rather than to group goals; emphasizing values that serve the self, such as feeling good, striving for personal distinction and recognition for achievement, and asserting independence.

Interdependence

The mutual reliance between two or more entities, where each is dependent on the other for certain needs or outcomes.

Independence

The state of being self-reliant and free from external control or support.