Firm X Has Declared a Stock Dividend That Pays One

question 45

Multiple Choice

Firm X has declared a stock dividend that pays one share of stock for every 7 shares owned.After the stock dividend,earnings per share will:

• A) remain the same.
• B) decline 14.30%.
• C) decline 7.00%.
• D) increase 7.00%.

Recognize the rights and obligations of third parties in contract assignments.

Identify the requirements and limitations of oral and written assignments.

Comprehend the role of consideration in the effectiveness of an assignment.

Understand the distinction between different types of beneficiaries in contract law.