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Saint, Inc

question 144

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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  Stock Dividends  Excess of Par a.$45,000$0b.$108,000$63,000c.$108,000$45,000d.$45,000$63,000\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:

Expansionary Monetary Policy

A form of macroeconomic policy that aims to stimulate the economy by increasing the money supply or reducing interest rates.

Federal Reserve

The central banking system of the United States, responsible for regulating the nation's financial institutions and managing its monetary policy.

Unemployment

The situation in which individuals who are willing and able to work cannot find employment.

Inflation

The quickness in the rise of aggregate prices for goods and services, impacting negatively on how much can be bought.

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