of $1 Wildcat, Inc. declared a 10% stock dividend when it had 250,000 share stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The entry to record the stock dividend would include a credit to: O Common Stock $250.000. O Retained Earnings $250.000. O Retained Earnings $25.000. O Additional Paid in Capital $250,000. O None of the above.
of $1 Wildcat, Inc. declared a 10% stock dividend when it had 250,000 share stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The entry to record the stock dividend would include a credit to: O Common Stock $250.000. O Retained Earnings $250.000. O Retained Earnings $25.000. O Additional Paid in Capital $250,000. O None of the above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Wildcat, Inc. declared a 10% stock dividend when it had 250,000 shares of $1 par value common
stock outstanding. The market price per share of common stock was $10 per share when the
dividend was declared. The entry to record the stock dividend would include a credit to:
O Common Stock $250.000.
O Retained Earnings $250,000.
O Retained Earnings $25,000.
O Additional Paid in Capital $250,000.
O None of the above.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F91323c9d-1e4d-4b86-a663-f6a891c9fab2%2Fd7efa1b6-ca4e-4596-8731-6f10c70a6edd%2Fmeitn0h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Wildcat, Inc. declared a 10% stock dividend when it had 250,000 shares of $1 par value common
stock outstanding. The market price per share of common stock was $10 per share when the
dividend was declared. The entry to record the stock dividend would include a credit to:
O Common Stock $250.000.
O Retained Earnings $250,000.
O Retained Earnings $25,000.
O Additional Paid in Capital $250,000.
O None of the above.
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