When a Corporation Records a Stock Dividend, It Decreases Retained

question 113

True/False

When a corporation records a stock dividend, it decreases Retained Earnings for the par value of the stock.

Identify and describe various electronic communication technologies.

Recognize the importance of data security in electronic communications.

Understand the principles of effective Web and email writing.

Appreciate the role of instant messaging in modern communication.

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Definitions:

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as the original cost minus depreciation or amortization.

Unearned Ticket Revenue

Revenue received from ticket sales before the event or service has been provided; also considered a liability until earned.

Adjusting Journal Entry

An accounting record posted at the conclusion of a fiscal period with the purpose of assigning revenues and expenses to their correct time frame.

Season Tickets

Tickets sold for a set number of events or performances, typically for concerts, theater performances, or sports events.