The Board of Directors Must Assign a Per Share Value

question 24

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:

Protestant Ethic

Belief that hard work and self-denial lead to salvation.

Weber's Theory

A set of sociological theories proposed by Max Weber that emphasize the role of bureaucracy, the importance of values and ideas, and the impact of individuals on societal changes.

Capitalism

An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit.

Economic Contributions

The input or role an individual, group, or entity plays in the financial growth, stability, or structure of an economy.