On January 1, 2020, When the Market Value of Their

question 28

Multiple Choice

On January 1, 2020, when the market value of their common shares was $ 15 per share, Crooks Inc. declared a 10% common stock dividend. Shareholders' equity before the stock dividend was declared was: Common shares, no par value, authorized 300,000 shares, What was the effect on Crook's retained earnings as a result of the stock dividend?

• A) $ 270,000 decrease
• B) $ 450,000 decrease
• C) $ 540,000 decrease
• D) $ 750,000 decrease

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Definitions:

First Six Months

This term often refers to the initial period of a new venture, job, or plan, which is critical for setting foundations and early successes.

Development Purpose

Refers to the reason or objective behind initiating development projects, usually aimed at improvement or innovation in a specific area.

Performance Objectives

Specific, measurable targets or goals that individuals or organizations aim to achieve within a certain timeframe to assess performance efficiency and effectiveness.

Performance Appraisal

The systematic evaluation of an employee’s job performance, strengths, and areas for development, usually conducted through observation and comparison against established criteria.