ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 173

b. declaration of a stock dividend.
c. purchase of treasury stock.
d. payment in full of subscribed stock.
48.
An entry is not made on the
a. date of declaration.
b. date of record.
c. date of payment.
d. An entry is made on all of these dates.
49.
Cash dividends are paid on the basis of the number of shares
a. authorized.
b. issued.
c. outstanding.
d. outstanding less the number of treasury shares.
50. Which of the following statements about property dividends is
not true?
a. A property dividend is usually in the form of securities of other
companies.
b. A property dividend is also called a dividend in kind.