ACC 304 All Assignments ACC 304 All Assignments | Page 59

59. At the date of declaration of a small common stock dividend, the entry should not include a. a credit to Common Stock Dividend Payable. b. a credit to Paid-in Capital in Excess of Par. c. a debit to Retained Earnings. d. All of these are acceptable. 60. The balance in Common Stock Dividend Distributable should be reported as a(n) a. deduction from common stock issued. b. addition to capital stock.