Question
When a large stock dividend is declared and distributed on December 20, 2016, what is the effect on the following financial statement account balances: Total
When a large stock dividend is declared and distributed on December 20, 2016, what is the effect on the following financial statement account balances:
Total Retained Earnings Total Stockholders' Equity
For year ended 12/31/2016 At 12/31/2016
A. No effect No effect
B. Decrease No effect
C. Decrease Decrease
D. No effect Decrease
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The Basics Of Quality Auditing
Authors: Ronald Blank
1st Edition
1138438863, 9781138438866
