The journal entry to record the issuance of a stock dividend is which of the following?
1 debit common stock dividend distributable (number of shares x par value
common stock); credit common stock (same)
2 debit retained earnings (market value x number of shares); credit common stock
dividends distributable (number of shares x par value); credit paid-in capital in
excess of par-stock dividend
3 debit common stock dividend distributable (number of shares x par value); credit
cash
4 debit common stock dividends distributable (number of shares x market value
common stock); credit common stock (same)
Answers: 1
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The journal entry to record the issuance of a stock dividend is which of the following?
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