Wildcat, Inc

question 26

Multiple Choice

Wildcat, Inc. declared a 10% stock dividend when it had 150,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The entry to record the stock dividend would include a credit to:

• A) Retained Earnings $150,000.
• B) Paid-in Capital in Excess of Par $135,000.
• C) Common Stock $150,000.
• D) Retained Earnings $15,000.

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Definitions:

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.

Work Motivation

The drive or incentive that employees have to achieve their work-related goals or to perform their job responsibilities effectively.

Developmental Psychologist

A professional who studies the psychological growth and changes that occur throughout a person's life.

Mentally

Pertaining to the mind or psychological processes of cognition, emotion, and behavior.