When a stock dividend was declared above par, the excess was ignored and only th

Accounting
Tutor: None Selected Time limit: 1 Day

When a stock dividend was declared above par, the excess was ignored and only the par value was used. This error would cause:

A. the period’s end assets to be overstated.

B. the period’s end liabilities to be overstated

Feb 25th, 2015

A stock dividend has no impact on the issuing company's assets or liabilities.

D. None of the above



Please best my answer if helpful. Thanks

Feb 25th, 2015

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