ABC Declared a Common Stock Dividend on March 10, at Which

question 153

Multiple Choice

ABC declared a common stock dividend on March 10, at which time its shares were selling for $15 per share and 10,500 shares were outstanding.After the dividend, because only 13,650 shares were outstanding, some shareholders received fractional share rights.If the provisions of the dividend provided that one share was to be issued for each three shares previously owned, there must have been:

• A)Fractional shares outstanding not determinable based on the information given.
• B)350 fractional share rights outstanding.
• C)117 fractional share rights outstanding.
• D)1,050 fractional share rights outstanding.

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Definitions:

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The excessive and harmful consumption of alcohol, leading to addiction, health problems, and impairments in social, occupational, or other important areas of functioning.

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The act of mentally speaking to oneself, which can influence emotions, behaviors, and overall cognitive processing.

Impulsive Behaviors

Actions undertaken without forethought or consideration of the consequences, often driven by immediate gratification or emotional impulse.

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