Murphy's Has 10,000 Shares Outstanding with a Par Value of £1.00

question 77

Multiple Choice

Murphy's has 10,000 shares outstanding with a par value of £1.00 per share.The market value is £8 per share.The statement of financial position shows £32,500 in the additional paid in capital
Account, £10,000 in the ordinary equity account, and £42,700 in the retained earnings account.The
firm just announced a 10% (small) stock dividend.What will the balance in the retained earnings
Account be after the dividend?

• A)£34,700
• B)£35,700
• C)£42,700
• D)£49,700
• E)£50,700

---

Definitions:

keyTyped

A method in Java that is used to handle keyboard input events.

Recursion

A programming technique where a function calls itself directly or indirectly to solve a problem by breaking it down into smaller problems.

Terminate

To bring an operation or process to an end; in computing, it often refers to the stopping of a program or process.

Recursive Call

A method or function in computer programming that calls itself within its own definition to solve a problem by breaking it down into smaller, more manageable problems.