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Fast2F Fast2F
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7 years ago
Which of the following is the journal entry to record the declaration of a stock dividend?
A) Debit Common Stock Dividend 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 Dividend Distributable (number of shares × par value); credit Paid-In Capital in Excess of Par Value Stock Dividend (market value - par value) × number of shares
D) Debit Common Stock (number of shares × par value); credit Cash
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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Fast2F Author
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6 years ago
I’m very happy now Smiling Face with Open Mouth Thank you for the answe
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