If a corporation declares a 10% stock dividend on its common stock, the account to be debited

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Question:

If a corporation declares a 10% stock dividend on its common stock, the account to be debited on the date of declaration is:

A) Common Stock Dividends Distributable.

B) Common Stock.

C) Paid-in Capital in Excess of Par.

D) Retained Earnings

Related Book For answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Posted Date: Jan 14, 2021 01:50 AM

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If a corporation declares a 10% stock dividend on its common stock, the account to be debited

Question:

Expert Answer:

option D is correct Retained Earnings Ex... View the full answer

Financial Accounting Tools for Business Decision Making

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