The Market Value Balance Sheet for Apple Pie Corp

question 74

Multiple Choice

The market value balance sheet for Apple Pie Corp. reflects cash of $42,000, fixed assets of $319,000, and equity of $237,000. There are 7,500 shares of stock outstanding with a par value of $1 per share. The company has declared a dividend of $1.03 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. What will be the price of the stock tomorrow morning?

• A) $32.38
• B) $32.20
• C) $30.57
• D) $32.15
• E) $31.60

---

Definitions:

Chemistry Experiments

Practical scientific procedures carried out to investigate chemical reactions and properties.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding across the lifespan.

Hypothesis

A suggested theory derived from minimal evidence intended as an initial step for more in-depth inquiry.

Sensorimotor

refers to the developmental stage in early childhood, according to Jean Piaget's theory of cognitive development, where infants learn about and interact with the world primarily through their senses and motor activities.