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  3. 14. a dividend to be paid with non-cash assets is

14. A dividend to be paid with non-cash assets is recorded at the following amount:...

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Accounting

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14. A dividend to be paid with non-cash assets is recorded at the following amount: to. The fair value of the assets on the dividend declaration date b. The book value of the assets on the dividend declaration date c. The fair value of the assets on the date the dividend is paid d. None of the above. Dividends cannot be declared to be paid with assets other than cash. 15. When a company declares a dividend in shares (stock dividend): to. Debits retained earnings and credits an equity account (stock dividend to be distributed) b. Debits retained earnings and credits a debt account (stock dividend payable) c. Debits stock dividend to be distributed and credits stock dividend payable d. No wage entry is made until the shares are distributed 16. What is the accounting standard for entering a stock dividend? Small Dividend Large Dividend to. "Even value Even value b. Par value Market value c. Market value Par value d. Market value Market value 17. What is the effect on retained earings and total equity of the company when a stock dividend is declared? Retained Earnings Total Equity to. Decrease Decrease b. Decrease Does not change c. They do not change Decreases d. Do not change does not change

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