Josh's Inc

question 6

Multiple Choice

Josh's Inc. has 4,800 shares of stock outstanding with a par value of $1 per share and a market value of $19 a share. The balance sheet shows $149,000 in the capital in excess of par account, $4,800 in the common stock account, and $192,800 in the retained earnings account. The firm just announced a stock dividend of 10 percent. What is the value of the capital in excess of par account after the dividend?

• A) $161,300
• B) $149,000
• C) $152,280
• D) $157,640
• E) $164,400

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Definitions:

Elasticity Value

A measure in economics to show how much the quantity demanded of a good or service changes in response to a change in its price.

Teacher Absenteeism

The frequent absence of teachers from their duties, which can significantly impact student learning experiences and outcomes.

Compensation

Payment or benefits provided to employees in exchange for their labor or services, which can include wages, salaries, and additional benefits.

Attendance

The act of being present at a location or event, often measured to assess participation or interest.