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:

Persuasive Speech

A form of communication aimed at convincing the audience to accept a particular viewpoint or take a specific action.

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An expression of personal and cultural identity through the selection and combination of garments and accessories.

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A situation in research where the effect of one variable cannot be separated from the effect of another variable.

Double-blind Procedure

A research method in which neither the participants nor the experimenters know who is receiving a particular treatment, reducing bias.