The Board of Directors Must Assign a Per Share Value

question 108

Multiple Choice

The board of directors must assign a per share value to a stock dividend declared that is equal to the

• A)average cost.
• B)zero.
• C)original issue price.
• D)fair value.

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Definitions:

Moral Development

The process through which an individual learns to distinguish right from wrong, and to develop values and ethics.

Social Order

The set of linked social structures, practices, and norms that maintain and enforce certain patterns of relating and behaving within a society.

Conventional

Pertains to methods, behaviors, or ideas that are traditional or widely accepted within a society.

Babble

The production of speech-like but meaningless sounds, especially in infants as a precursor to language development.