Fortune, Inc

question 109

Multiple Choice

Fortune, Inc. declares 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 Value $50,000.
• D) credit to Paid-in Capital in Excess of Par Value $20,000

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Definitions:

Move With Mask

A programming instruction that moves bits from a source to a destination while applying a mask to selectively modify them.

Mask

A mask in digital computing and data processing is a pattern of bits used to accept or reject certain bits within another set of data by applying logical AND, OR, or XOR operations, often for purposes such as manipulating, extracting, or hiding data.

Transfer

The action of moving data or control from one part of a system to another, such as from memory to a processor or between devices.

Source

Origin from which something comes or is obtained, often used in the context of electrical circuits or programming to denote the supplier of input signals.