The impairment loss on long-term plant assets equals:

Question 30 options:

A)	estimated future cash flows minus present value.

B)	net book value minus fair value.

C)	estimated future cash flows minus fair value.

D)	net book value minus estimated future cash flows.

Williamson Company declared and distributed a 10% stock dividend when it had 100,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $50 per share when the dividend was declared. The journal entry to record the stock dividend would include a credit to:

Question 34 options:

A)	Paid-in Capital in Excess of ParCommon $490,000.

B)	Retained Earnings $100,000.

C)	Retained Earnings $10,000.

D)	Common Stock $100,000.