A company declares a (5 %) stock dividend. The debit to Retained Earnings is an amount equal

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A company declares a \(5 \%\) stock dividend. The debit to Retained Earnings is an amount equal to the

a. stated value of original shares.

b. excess of the market price over the original issue price of the shares to be issued.

c. book value of the shares to be issued.

d. fair value of the shares to be issued.

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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