Question Details

per share amount normally assigned by the board of directors






1.	A stockholder who receives a stock dividend would
a.	expect the market price per share to increase.
b.	own more shares of stock.
c.	expect retained earnings to increase.
d.	expect the par value of the stock to change.



	2.	When stock dividends are distributed,
a.	Common Stock Dividends Distributable is decreased.
b.	Retained Earnings is decreased.
c.	Paid-in Capital in Excess of Par is debited if it is a small stock dividend.
d.	no entry is necessary if it is a large stock dividend.


	3.	A small stock dividend is defined as
a.	less than 30% but greater than 25% of the corporation's issued stock.
b.	between 50% and 100% of the corporation's issued stock.
c.	more than 30% of the corporation's issued stock.
d.	less than 20-25% of the corporation's issued stock.


	4.	The per share amount normally assigned by the board of directors to a large stock dividend is
a.	the market value of the stock on the date of declaration.
b.	the average price paid by stockholders on outstanding shares.
c.	the par or stated value of the stock.
d.	zero.


	5.	The per share amount normally assigned by the board of directors to a small stock dividend is
a.	the market value of the stock on the date of declaration.
b.	the average price paid by stockholders on outstanding shares.
c.	the par or stated value of the stock.
d.	zero.






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