If a stockholder receives a dividend that reduces retained earnings by the fair market value of the

Question:

If a stockholder receives a that reduces retained earnings by the fair market value of the stock, the stockholder has received a
a. large stock
b. cash
c. contingent
d. small stock Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...