Quirk Corporation Issued a 100% Share Dividend of Its Ordinary

question 51

Multiple Choice

Quirk Corporation issued a 100% share dividend of its ordinary shares which had a par value of $10 before and after the dividend.At what amount should retained earnings be capitalized for the additional shares issued?

• A)There should be no capitalization of retained earnings.
• B)Par value
• C)Fair value on the declaration date
• D)Fair value on the payment date

---

Definitions:

Blood Incompatibility

A condition in which the blood types of a donor and recipient are mismatched, leading to potential rejection or destruction of the transfused blood.

RhoGAM Vaccine

A biologic product used to prevent Rh immunization, which can occur when an Rh-negative mother is exposed to Rh-positive fetal blood.

Nutritional Status

A measure of the body's health and vitality, determined by the intake, absorption, and use of nutrients.

Caloric Intake

The amount of calories consumed from foods and beverages by an individual within a certain time period.