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Determine when the common stock account is disclosed

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Reference no: EM132468446

Question 1: When a stock dividend is issued, it will:

A) decrease total assets.

B) increase retained earnings.

C) decrease paid-in capital.

D) not affect total equity

Question 2: When the common stock account is disclosed on the balance sheet, it is reported at:

A) current market value.

B) average issue price.

C) par or stated value.

D) lower of cost or market.

Reference no: EM132468446

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