ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 370

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.