Table 14-1 The Board of Directors Declares a 10% Stock Dividend. There

question 41

Multiple Choice

Table 14-1
The board of directors declares a 10% stock dividend. There are 20,000 common shares authorized and 10,000 outstanding common shares. The current market price of the shares is $12 per share; the average issue price was $10 per share.
-Refer to Table 14-1.The journal entry will require a debit to retained earnings for:

• A) $10,000
• B) $12,000
• C) $20,000
• D) $24,000

---

Definitions:

Whorf

Refers to Benjamin Lee Whorf, an American linguist known for his hypotheses about the relation between language, thought, and cultural perception.

Inuit Language

A group of languages spoken by the Inuit people across the arctic regions of Canada, Greenland, and Alaska.

Perception of Snow

The sensory experience and interpretation of snow, including its visual characteristics and physical properties.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic or decision.