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Financial Accounting Question 5.2 How should a company record a stock dividend that exceeds 25% of existing shares? a) At market value on declaration date b) At book value on declaration date c) At par value on distribution date d) As a stock split with no value assigned Answer: c) At par value on distribution date

Financial Accounting Question 5.2 How should a company record a stock dividend that exceeds 25% of existing shares? a) At market value on declaration date b) At book value on declaration date c) At par value on distribution date d) As a stock split with no value assigned Answer: c) At par value on distribution date

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.2E
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Financial Accounting Question 5.2

Financial Accounting Question 5.2 How should a company record a stock dividend that exceeds 25% of existing shares? a) At market value on declaration date b) At book value on declaration date c) At par value on distribution date d) As a stock split with no value assigned Answer: c) At par value on distribution date
Transcribed Image Text:Financial Accounting Question 5.2 How should a company record a stock dividend that exceeds 25% of existing shares? a) At market value on declaration date b) At book value on declaration date c) At par value on distribution date d) As a stock split with no value assigned Answer: c) At par value on distribution date
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