Assume That Bricks Declared a Stock Dividend of 3,000 Shares

question 5

Multiple Choice

Assume that Bricks declared a stock dividend of 3,000 shares on its $5 par value common stock.The investment elimination entry required to prepare a consolidated balance sheet immediately after the stock dividend is issued will include a debit to Retained Earnings for:

• A)$185,000.
• B)$65,000.
• C)$155,000.
• D)$140,000.

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Definitions:

Open Mind

The willingness to consider new ideas and perspectives without letting one's own beliefs hinder the process.

Divine Command Theory

The ethical theory that posits moral values and obligations are rooted in the commands of God or a supreme deity.

Plato

Ancient Greek philosopher who founded the Academy in Athens, known for his works on philosophy, ethics, and politics, including the theory of Forms.

Socrates

An ancient Greek philosopher known for his contributions to ethics and epistemology, and for employing a method of inquiry and discussion based on asking and answering questions to stimulate critical thinking.