ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 368

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.