Arnold,Inc

question 124

Multiple Choice

Arnold,Inc.declares and distributes a 10% common stock dividend when it has 20,000 shares of $10 par value common stock outstanding.If the market value of the common stock is $25,the journal entry to record the stock dividend would include a:

• A)debit to Retained Earnings $50,000.
• B)debit to Retained Earnings $20,000.
• C)credit to Paid-in Capital in Excess of Par-Common $50,000.
• D)credit to Paid-in Capital in Excess of Par-Common $20,000.

---

Definitions:

Financial Support

Monetary assistance provided to meet the needs or goals of individuals, organizations, or specific initiatives.

Cultural Insensitivity

A lack of awareness or respect for the differences in cultures or beliefs, leading to behaviors that may be offensive to others.

Deficit Model

A perspective that focuses on what individuals lack in terms of skills, knowledge, or resources, rather than their strengths or potential.

Community Resource

A service, facility, or information that is available to members of a community, often aimed at improving quality of life.