A Stock Dividend Is Similar to a Cash Dividend in That

question 18

Multiple Choice

A stock dividend is similar to a cash dividend in that:

• A)the stockholder's equity in the firm's net assets is reduced by each.
• B)the stockholder's cash is increased by each.
• C)the stockholder's equity in the firm's net assets is increased by each.
• D)retained earnings and the amount of potential future dividends is reduced by each.

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Definitions:

Services Rendered

Work or services provided by a business or individual, typically in exchange for payment.

Cash Payments Journal

A financial accounting journal used to record all transactions that result in cash payments, including operating expenses, asset purchases, and debt repayments.

Employees' Salaries

Fixed payments made to employees for their services over a specific period, not immediately influenced by changes in business activity levels.

Accrued Salaries

This refers to wages that have been earned by employees but have not yet been paid by the company.