A company originally issued 14,000 shares of $5 par value common stock at $12 per share The board of directors declares an 14% stock dividend when the market price of the stock is $25 a share. Which of the following is included in the entry to record the declaration of a stock dividend?
A) Stock Dividends is debited for $24,500.
B) Common Stock-$5 Par Value is credited for $47,040.
C) Common Stock is credited for $49,000.
D) Stock Dividends is debited for $49,000.
D .D) Stock Dividends (14,000 shares x 14% x $25 market price) = $49,000
You might also like to view...
Direct sales and Web sales are both examples of ________
A) revenue streams B) sales forecasts C) public relations expenses D) promotional events E) marketing strategies
Personal jurisdiction is based on which constitutional right of the defendant?
a. Equal protection b. Due process c. Free speech d. Double jeopardy
The doctrine of stare decisis A) makes the legal process more expensive
B) is an equitable remedy. C) makes the law more predictable. D) is unimportant to the common law.
Suppose that you have a foreign currency receivable (payable). What option strategy places a floor (ceiling) on your domestic currency revenue (cost)?
What will be an ideal response?