Which of the following statements about small stock dividends is true? a. A debit to Retained Earnings

Question:

Which of the following statements about small stock dividends is true?

a. A debit to Retained Earnings for the par value of the shares issued should be made.

b. Market value per share should be assigned to the dividend shares.

c. A stock dividend decreases total stockholders' equity.

d. A stock dividend ordinarily will have no effect on book value per share of stock.

(SO 6)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

See More Books

Question Posted: Jun 14, 2024 01:10 AM

See More Questions

Multiple Choice Questions: 1) The operating income of Jut ox Inc. is $40,000 for March using both variable costing and absorption costing. Which of the following statements must be true of Jut ox for...
Questions to be answered from the file attached. I have attached both chapters from where you will be answering these. Make sure to answer it thoroughly Chapter12 (page number 215or p 42 of the pdf)...
Can anyone solve the answers from the given document givenbelow? I really need help. MY FINAL LITERALLY IS KNOCKING AT THE DOOR. Name_________________________________ Student...
The following information is available for Dylan Inc., a company whose shares are traded on the Toronto Stock Exchange: Other information: 1. For all of the fiscal year 2020, $100,000 of 6%...
Describe regulatory focus theory.
Suppose that a foreign nation does not prosecute cyber criminals and does not cooperate with U.S. authorities to investigate cyber crimes against U.S. citizens. What effect might this have on the...
In the balance sheet, Unrealized Loss-Equity is reported as a: (a) contra asset account. (b) contra stockholders' equity account. (c) loss in the income statement. (d) loss in the retained earnings...
A borrower has two alternatives for a loan: (1) Issue a $180,000, 45-day, 10% note or (2) Issue a $180,000, 45-day note that the creditor discounts at 10%. a. Calculate the amount of the interest...
In 2012, Payton Corporation began selling a new line of products that carry a two-year warranty against defects. Based upon past experience with other products, the estimated warranty costs related...
Discuss the significance of focusing on long term goals, often times at the expense of short term goals. Do you believe there are instances where short term goals should be a priority?
1. The ABC Company has three jobs to be done on three machines. Each job must be done on one and only one machine. The cost of each job on each machine is given in the following table. Gove the job...
what extent does team composition, including diversity in demographics, skills, and cognitive styles, influence team processes such as communication patterns, decision-making, and conflict...
9 Tobias was injured while working at his job. During the year, he received $25,000 workers\' compensation as a result of his injuries. He also sued his employer, which resulted in the following...
Recognizing that there is a crisis is often the most difficult aspect of crisis management. One approach is to apply a "litmus test." This test would include several questions to determine if a...
The process of collaborative goal setting by a manager and subordinate, the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate's performance. It is...

Which of the following statements about small stock dividends is true? a. A debit to Retained Earnings

Question:

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions