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dukesroyalty dukesroyalty
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5 years ago
ABC made the following entry to record the issuance of a dividend:
Retained earnings 40,000
Common shares 40,000
ABC must have declared a:
A) stock split.
B) Property dividend.
C) Large stock dividend.
D) Small stock dividend.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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hmonierhmonier
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5 years ago
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dukesroyalty Author
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#2
5 years ago
Appreciate the effort, thank you!
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