Which of the Following Is the Journal Entry to Record

question 51

Multiple Choice

Which of the following is the journal entry to record the declaration of a stock dividend?

• A)Debit Common Stock Dividend Distributable (number of shares × par value common stock); credit Common Stock (same)
• B)Debit Common Stock Dividend Distributable (number of shares × market value common stock); credit Common Stock (same)
• C)Debit Retained Earnings (market value × number of shares); credit Common Stock Dividend Distributable (number of shares × par value); credit Paid-In Capital in Excess of Par Stock Dividend (market value - par value)× number of shares
• D)Debit Common Stock (number of shares × par value); credit Cash

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Definitions:

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A system where individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.

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A formal statement outlining the reasons for undertaking a particular action, often associated with political or military intent.