Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company originally issued 13,000 shares of $6 pa

A company originally issued 13,000 shares of $6 par value common stock at $12 per...

50.1K

Verified Solution

Question

Accounting

A company originally issued 13,000 shares of $6 par value common stock at $12 per share. The board of directors declares a 12% stock dividend when the market price of the stock is $22 a share. Which of the following is included in the entry to record the declaration of a stock dividend?

A.

Stock Dividends is credited for $34,320.

B.

Stock Dividends is debited for $34,320.

C.

Paid-In Capital in Excess of

Parlong dashCommon

is credited for $18,720.

D.

Stock Dividends is debited for $18,720

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Right Oblique 1 e Right cylinder on the left The solids shown have the same...

Geometry
Q

For the year ended December 31, 2017, Transformers Inc. reportedthe following:Net Income$305068Preferred...For the year...

Accounting
Q

Starting from the dynamic equations of the PM DC motor obtain the voltage-to-speed transfer function in s-domain....

Electrical Engineering
Q

Which endocrine gland is part of the nervous system?a. hypothalamusb. pituitaryc. adrenald. thyroid

Biology
Q

The radius, r, in centimeters, of a melting snowball is given by r = 60...

Basic Math
Q

ucture com courses 676833 quizzes 10 Google Docs myMCPS Classroom Quiz Instructions Question 4 M

Calculus
Q

Let f x y x y and c t t 2t a Calculate Vf c...

Calculus
Q

Find the equation of the line through 8 7 which is perpendicular to the line...

Algebra
Q

5 Cost The cost c of a house in Du Quoin Illinois is a function...

Algebra
Q

Held-to-maturity securities are reported at their: fair value. net realizable value. historical...

Accounting
Q

Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington...

Accounting
Q

Al Dentes cash balance on March 1 is $2,500. It has provided the following...

Accounting