ACC 304 All Assignments ACC 304 All Assignments | Page 58

b. Par value
c. Fair value on the declaration date
d. Fair value on the payment date
58. The issuer of a 5% common stock dividend to common
stockholders preferably should transfer from retained earnings to
contributed capital an amount equal to the
a. fair value of the shares issued.
b. book value of the shares issued.
c. minimum legal requirements.
d. par or stated value of the shares issued.