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Which of the following statements is correct? None of these statements are correct The Common Stock Dividends Distributable account is shown as a current liability

Which of the following statements is correct? None of these statements are correct The Common Stock Dividends Distributable account is shown as a current liability on the balance sheet When a stock dividend is declared, the total amount debited to Retained Earnings is the par value, or stated value, of the shares to be issued When a stock dividend is distributed, no assets leave or enter the corporation

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