Gino's Corporation Had 30,000 Shares of $16 Par Value Common

question 27

Multiple Choice

Gino's Corporation had 30,000 shares of $16 par value common stock outstanding with a market value of $30 per share.Gino announced a four-for-one stock split.After the split,the par value of the stock:

• A)remained the same as before the split.
• B)was reduced to $4.00 per share.
• C)was reduced by $4.00 per share.
• D)was reduced to $8.00 per share.

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that an individual holds that comes true because the individual's behaviors align to fulfill that belief.

Prejudice

Preconceived opinion that is not based on reason or actual experience, often leading to discrimination.

Micro-aggression

Brief, everyday exchanges that send denigrating messages to individuals because of their group membership, often unintentional and unrecognized by the sender.

Devalued Group

A social group that is not respected or is considered inferior by the dominant culture or society.