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

question 31

Multiple Choice

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

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

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Definitions:

Vroom's model

A theoretical model that suggests decision-making and leadership styles should be adapted based on the situation and characteristics of the followers.

Decision Making

The method of selection by recognizing a decision, assembling data, and examining various alternatives.

Goal Clarity

The extent to which the objectives or desired outcomes of a task or project are clearly defined and understood.

Goal-path Clarity

signifies the clear understanding of the objectives to be achieved and the specific methods or steps required to reach those goals.