Nola Inc Declares a 10% Common Stock Dividend When It Has

question 59

Short Answer

Nola Inc. declares a 10% common stock dividend when it has 60000 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: $\begin{array} { l c } &\text { Paid-in Capital in } \\\text { Stock Dividends } &\text { Excess of Par }\end{array}$
A) $\begin{array} { ll} & \$ 60,000 &&&&&& \$ 0 \\\end{array}$
B) $\begin{array} { l l } &\$ 144,000 &&&&& \$ 84,000 \\\end{array}$
C) $\begin{array} { l l } \$ 144,000 &&&&&& \$ 60,000 \\\end{array}$
D) $\begin{array} { l l } \$ 60,000 &&&&&& \$ 84,000\end{array}$

• A)\(\begin{array} { ll} & \$ 60,000 &&&&&& \$ 0 \\\end{array}\)
• B)\(\begin{array} { l l } &\$ 144,000 &&&&& \$ 84,000 \\\end{array}\)
• C)\(\begin{array} { l l } \$ 144,000 &&&&&& \$ 60,000 \\\end{array}\)
• D)\(\begin{array} { l l } \$ 60,000 &&&&&& \$ 84,000
• \end{array}\)

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Definitions:

Aggression

Behavior intended to harm or intimidate others, which can be physical, verbal, or indirect.

Sensation-seeking

A trait characterized by the search for experiences and feelings that are varied, novel, complex, and intense, and the willingness to take physical, social, legal, and financial risks for the sake of such experiences.

Highly Arousing Activities

Activities that significantly increase physiological or psychological arousal, such as extreme sports or intense emotional experiences.

Externalizing Problems

Behaviors that are directed outwardly, often resulting in conflicts with others or behavioral issues.