The Board of Directors Must Assign a Per Share Value

question 80

Multiple Choice

The board of directors must assign a per share value to a stock dividend declared that is

• A) greater than the par or stated value.
• B) less than the par or stated value.
• C) equal to the par or stated value.
• D) at least equal to the par or stated value.

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Definitions:

Simplify

To make an expression less complex by combining like terms and executing arithmetic operations where possible.

Fraction

A numerical quantity that represents a part of a whole, typically in the form of a numerator divided by a denominator.

Exponent

A number that indicates how many times a base is multiplied by itself.

Fraction

A mathematical expression representing the division of one quantity by another, noted by a numerator divided by a denominator.