On January 1, 2014, When the Market Value of Their

question 154

Multiple Choice

On January 1, 2014, when the market value of their common shares was $20 per share, Belgrade Inc.declared a 10% common stock dividend.Shareholders' equity before the stock dividend was declared was: Common shares, no par value, authorized 200,000 shares, What was the effect on Belgrade's retained earnings as a result of the stock dividend?

• A)$240,000 decrease
• B)$400,000 decrease
• C)$480,000 decrease
• D)$800,000 decrease

---

Definitions:

Ureters

The two tubes that transport urine from each kidney to the bladder in the urinary system.

Urethra

The tube that conducts urine from the bladder to the outside of the body and also serves as the duct for semen in males.

Renal Medulla

The innermost part of the kidney, comprised of renal pyramids and tubules, crucial for water and salt balance.

Bowman's Capsule

A capsule-shaped structure in the kidneys that encloses the glomerulus and is involved in the filtration of blood to form urine.