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Generally Accepted Accounting Principles (GAAP) MCQs

What is stock dividend as compared to cash dividend?

The issuance of cash which can only be used to buy stock

The issuance of additional stock to shareholders in lieu of cash

The issuance of stock in the current period, traded for cash in a later period under contract

A promise by the company that the stock price will increase

Answer

Correct Answer: The issuance of additional stock to shareholders in lieu of cash

Explanation:

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