A Corporation Declared and Issued a 15% Stock Dividend on November

question 68

Multiple Choice

A corporation declared and issued a 15% stock dividend on November 1.Prior to the dividend,the balance in retained earnings was $850,000,the number of shares of $5 par value stock issued and outstanding was 60,000,and the market value of the stock was $12.The amount of the change in total stockholders' equity as a result of recording this stock dividend is:

• A)$0.
• B)$45,000 increase.
• C)$108,000 decrease.
• D)$63,000 decrease.

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Definitions:

School Performance

School performance refers to how well students accomplish their educational tasks and meet the academic requirements of their grade level, often measured through grades and standardized tests.

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other.

School Performance

A measurement of academic achievement usually based on grades, standardized test scores, and other criteria.

Unknown Validity

A term indicating that the effectiveness, accuracy, or effect of something cannot be verified or confirmed.