Spiceland Financial Accounting Chapter 10

Issued stock = outstanding stock + treasury shares

Dividends are not paid on

The name of the document which sets forth how many shares of stock a corporation can issue is called the

The stockholders' equity section of the balance sheet presents stockholders' equity accounts

Small stock dividends are recorded at market value.

Issued shares of stock include treasury shares.

Outstanding shares of stock include treasury shares.

When recording the reissue of treasury stock, additional paid in capital is used as a balancing account.

When a corporation issues stock, the journal entry includes a

The journal entry on the dividend date of declaration includes

The journal entry on the dividend payment date includes a debit to dividends payable.

On the divided date of record, no journal entry is required.