The answer for this question is C
Answer: $1,717,200
Explanation:
The amount of the debit to retained earnings as a result of the declaration and distribution of this stock dividend will be:
= 15% × 159,000 × $72
= 0.15 × 159,000 × $72
= $1,717,200
Answer:
Medium of exchange
Explanation:
Fresh fish is not an effective form of money. Fresh fish lacks medium of exchange, which makes it ineffective.
