When a 5% Stock Dividend Is Declared,which Account Is Debited

question 85

Multiple Choice

When a 5% stock dividend is declared,which account is debited?

• A) Common Stock-Par Value
• B) Common Stock Dividend Distributable
• C) Stock Dividends
• D) Paid-In Capital in Excess of Par-Common

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Definitions:

Economic Depression

A prolonged period of significant decline in economic activity across an economy, characterized by high unemployment rates, low output, and a contraction in spending and investment.

Mixed Economy

An economic system blending elements of market, command, and traditional economies, featuring both private and public ownership of resources.

Public Enterprises

Government-owned organizations that operate in the commercial sector, intending to provide public services or generate revenue.