The journal entry to record the issuance of a stock dividend is which of the following?
A. Debit Common Stock Dividends Distributable (number of shares * market value common stock); credit Common Stock (same)
B. Debit Common Stock Dividend Distributable (number of shares * par value common stock); credit Common Stock (same)
C. Debit Retained Earnings (market value * number of shares); credit Common Stock Dividends Distributable (number of shares * par value); credit Paid-In Capital in Excess of Par-Stock Dividend
D. Debit Common Stock Dividend Distributable (number of shares * par value); credit Cash
(Don't just choose anything. Make sure you are specific and 100% about the answer. Do not answer if you do not know.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The journal entry to record the issuance of a stock dividend is which of the following? A. Debit Common Stock Dividends Distributable ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Why should new foods be introduced to an infant one at a time?
Answers (1)
Which of the following would be a duty of an instructional teacher aide? A. Care for sick children and clean floors. B. Monitor small groups of students, teach (under supervision) and do clerical work. C.
Answers (1)
A. A vacant lot acquired for $150,000 is sold for $290,000 in cash. What is the effect on the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity (retained earnings) ? b.
Answers (1)
Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e. g. 15.5%.
Answers (2)
Other than getting laborers to work their land, how did the sharecrop system benefit landowners? a. Government subsidies provided them with more income. b. Profits were greater than under the slave labor system. c.
Answers (1)
New Questions in Business
Which of the following statements is FALSE? A. We can use Modigliani and Miller's first proposition to derive an explicit relationship between leverage and the equity cost of capital. B.
Answers (1)
What is scarcity? What is oppurtunity cost
Answers (1)
What is the main pressure that purchasing professionals feel from internal customers-especially senior management-when making purchasing decisions? a. Selecting qualified suppliers b. Cutting costs c. Working with other departments d.
Answers (1)
How many 1/16 are in 3/4 of an imch
Answers (2)
The City of Grand Marais' fiscal year ends on June 30. Grand Marais uses encumbrance accounting. On May 6, a purchase order was approved and issued for supplies in the amount of $6,000.
Answers (1)