Authorized,9,000 shares issued, and 8,000 shares of common stock outstanding. Th

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Authorized,9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is: A stock dividend: Is nol a liability on the balance sheet. Does not reduce a corporation's assets and stockholders' equity. Transfers a portion of equity from retained earnings to contributed capital. Does not affect total equity, but does affect the components of equity. All of the above. A corporation had 50,000 shares of dollar20 per value common stock outstanding c that day the board of directors declared a 10% stock dividend when the market share was dollar27. The entry to record this dividend is:

Explanation / Answer

32.

Answer is E) All of the above.

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