A Corporation Should Account for the Declaration of a 10

question 97

Multiple Choice

A corporation should account for the declaration of a 10 percent stock dividend by

• A)transferring from retained earnings to contributed capital an amount equal to the legal capital represented by the dividend shares.
• B)transferring from retained earnings to contributed capital an amount equal to the market value of the dividend shares.
• C)transferring from retained earnings to contributed capital whatever amount the board of directors deems appropriate.
• D)making only a memorandum entry in the general journal.

---

Definitions:

Driving Under The Influence

The act of operating a vehicle while impaired by alcohol or other drugs to a level that renders the driver incapable of driving safely.

PR Professional

A specialist in public relations who develops and implements strategies to manage the public image of individuals, organizations, or brands.

Sports Information Directors

Professionals responsible for managing and disseminating information about college or professional sports teams to the media and public.

Social Media

Platforms and technologies that enable users to create, share content, and participate in social networking on the internet.