The Declaration of a Stock Dividend Was Credited to Dividends

question 29

Multiple Choice

The declaration of a stock dividend was credited to Dividends Payable and debited to Retained Earnings.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)the period's net income to be overstated.