A Company with 100,000 Authorized Shares of $4 Par Common

question 37

Multiple Choice

A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

• A) $3,200
• B) $6,400
• C) $4,800
• D) $8,800

Know the effects of majority and minority opinions on public and private expressions of attitudes.

Understand common stereotypes associated with aging.

Understand the historical development and key concepts in persuasive communications research.

Identify and comprehend the three main variables involved in persuasion according to the Yale attitude change program.

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Definitions:

Compulsive Craving

An intense, uncontrollable desire, often for a specific substance or activity that can lead to compulsive behavior.

Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.

Adverse Consequences

Negative outcomes or effects that result from an action, decision, or situation.

Addictive Drugs

Substances that cause dependence and compulsive use, characterized by a need to increase dosage due to tolerance and by physiological and psychological withdrawal symptoms.