Bruno's Has 7,000 Shares Outstanding with a Par Value of £1.00

question 58

Multiple Choice

Bruno's has 7,000 shares outstanding with a par value of £1.00 per share and a market value of £12 per share.The statement of financial position shows £7,000 in the ordinary equity account, £58,000
In the additional paid in capital account, and £32,500 in the retained earnings account.The firm just
Announced a 50% (large) stock dividend.What is the market value per share after the dividend?

• A)£6.00
• B)£8.00
• C)£9.00
• D)£10.50
• E)£12.00

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Definitions:

Midclavicular Line

An imaginary vertical line drawn from the midpoint of the clavicle downward, often used as a reference point in medical examinations.

Precordial Leads

Electrodes placed on the chest in specific positions during an ECG to record the heart's electrical activity from the frontal plane, providing insight into the heart's function.

Heart's Electrical Activity

The series of electrical impulses generated by the heart that trigger cardiac muscle contraction, essential for maintaining heart rhythm and function.

Waveforms

Graphical representations of varying signal voltages in electronics or patterns of oscillatory systems.