debit to Cash for $ 60,000 . credit to Common Stock for $ 60,000 . credit to Common Stock for $ 112,500 . credit to Paid-in Capital in Excess of Par for $ 112,500 . 5- Multiple Choice Question 169
The per share amount normally assigned by the board of directors to a large stock dividend is
the average price paid by stockholders on outstanding shares . the par or stated value of the stock . zero . the market value of the stock on the date of declaration . 6- IFRS Multiple Choice Question 345
IFRS treats the purchase of treasury stock as any of the following except
a decrease to retained earnings . an increase to a contra equity account . a decrease to share premium . a decrease to share capital . 7- Multiple Choice Question 246