When a corporation records a stock dividend, it decreases the retained earnings account for the par value of the stock.
Answer the following statement true (T) or false (F)
False
Retained earnings is decreased for the market value of the stock dividend (rather than the par value of the stock issued).
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Which of the following best describes a similarity between Costco and Walmart?
A) Both are warehouse clubs. B) Both target the same affluent market. C) Both are specialty stores. D) Both use everyday low pricing. E) Both are examples of merchant wholesalers.
The following transactions occurred last year at Jackson Inc Issuance of common stock $ 80,000 Dividends paid to the company's shareholders 1,000 Depreciation Expense 4,000 Repayment of principal on bonds 60,000 Proceeds from sale of the company's used equipment 22,000 Purchase of land 140,000 Based solely on the above information, the net cash flows from financing activities for the year on the
statement cash flows would be: A) $19,000. B) $(120,000). C) $(6,000). D) $332,000.
What costs are treated as product costs for a manufacturing company?
What will be an ideal response?
A sunk cost is a cost that was incurred in the past and cannot be changed regardless of what future action is taken
Indicate whether the statement is true or false