Saint, Inc

question 144

Short Answer

Saint, Inc. declares a 15% common stock dividend when it has 30,000 shares of $10 par value common stock outstanding. If the market value of $24 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are: Paid-in Capital in $\begin{array}{ll}&\text { Stock Dividends }&\text { Excess of Par }\\a.&\$ 45,000 & \$ 0 \\b.&\$ 108,000 & \$ 63,000 \\c.&\$ 108,000 & \$ 45,000 \\d.&\$ 45,000 & \$ 63,000\end{array}$

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Definitions:

Volcanic Breccia

A coarse-grained volcanic rock composed of angular fragments of volcanic material cemented together by finer particles or a mineral matrix.

Dome Collapse

The falling in of the roof of a volcanic dome due to gravitational failure, often leading to pyroclastic flows.

Volcanic Dome Collapse

The event where a volcanic dome, formed by the slow extrusion of viscous lava from a volcano, collapses, potentially leading to explosive eruptions.

Mudflow Deposits

Sediments left behind by rapid flows of mud, often triggered by heavy rain or volcanic eruptions, that contain a mix of water and fine materials.