Lexington Stables Just Declared a 15 Percent Stock Dividend

question 34

Multiple Choice

Lexington Stables just declared a 15 percent stock dividend.Which one of the following increased by 15 percent as a result of this dividend?

• A)Book value of firm's equity
• B)Shareholders' wealth
• C)Number of shares outstanding
• D)Firm's cash balance
• E)Stock price

Recognize the historical significance of the IBM PC and its predecessors in the computing industry.

Explain the role of compilers in translating human-readable code to machine language.

Describe the advancements in computing hardware from mechanical calculators to the introduction of integrated circuits.

Understand the importance of web browsers in accessing and shaping the internet.

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Definitions:

Current Lease

An active leasing agreement specifying the terms under which a lessee occupies or utilizes the leased asset.

Evaluation

The systematic assessment of the value, performance, or quality of a plan or entity.

Straight-line Depreciation

A technique for distributing the expense of a physical asset uniformly throughout its estimated useful duration.

Annual Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue in a fiscal year.