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One January 1, 2020 Computer Inc reported a stock distribution. They issued 5,000 common shares each with a par value of $1 per share. The
One January 1, 2020 Computer Inc reported a stock distribution. They issued 5,000 common shares each with a par value of $1 per share. The market value of the stock was $11 per share. Computer Inc. reported the following journal entry related to the stock distribution 55,000 Retained Earnings Common Stock Paid in Capital - Excess 5,000 50,000 What type of stock distribution did Computer Inc. report? Multiple Choice Small stock dividend. Large stock dividend. Multiple Choice Help Small stock dividend. o o o of Large stock dividend. Stock split. Cannot determine from the given information
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