In a small stock dividend, a. Common stock is debited for the par value of the shares

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In a small stock dividend,

a. Common stock is debited for the par value of the shares issued.

b. Retained Earnings is debited for the market value of the shares issued.

c. Paid-In Capital in Excess of Par is debited for the difference between the debits to Retained Earnings and to Common Stock.

d. Net income is always decreased.

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 11, 2024 11:02 PM

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In a small stock dividend, a. Common stock is debited for the par value of the shares

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Accounting

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