A stock dividend reduces the retained earnings balance and permanently capitalizes the
reduced portion of the retained earnings.
A retained earnings appropriation reduces the total stockholders' equity shown on the balance
Heavy frost damage suffered by a Florida citrus grower's orange trees would probably be
reported as an extraordinary item.
Which of the following is not included in paid-in capital?
Bevins Company issued 10,000 shares of USD 20 par value common stock at USD 24 per share.
Bevins reacquired 1,000 shares of its own stock at a cost of USD 30 per share. The entry to
record the reacquisition is: