Question
A company originally issued 16,000 shares of $8 par value common stock at $10 per share. The board of directors declares a 15% stock dividend
A company originally issued 16,000 shares of $8 par value common stock at $10 per share. The board of directors declares a 15% stock dividend when the market price of the stock is $22 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A. Stock Dividends is debited for $24,000.
B. Paid In Capital in Excess of Par Common is credited for $24,000.
C. Stock Dividends is credited for $52,800.
D. Stock Dividends is debited for $52,800.
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Audit Security How To Plan Implement And Audit Netsuite Security
Authors: Zenobia Plautz
1st Edition
B0B5KQKXSY, 979-8840043851
