Kurt's Market Has 8,000 Shares of Stock Outstanding with a Par

question 79

Multiple Choice

Kurt's Market has 8,000 shares of stock outstanding with a par value of $1 per share and a market value of $13 per share.The balance sheet shows $8,000 in the common stock account,$26,000 in the capital in excess of par account,and $36,800 in the retained earnings account.The firm just announced a 100 percent stock dividend.What will be the balance in the retained earnings account after this dividend?

• A)$28,800
• B)$36,800
• C)$38,700
• D)$40,700
• E)$128,700

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Definitions:

Serotonin

A neurotransmitter involved in many functions including mood regulation, digestion, and sleep.

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A group of mental health disorders characterized by significant feelings of anxiety and fear, impacting an individual's ability to function daily.

Neurotransmitters

Chemical agents facilitating signal transmission from one neuron to another via synapses in the nervous system.

Conditioning

A process of behavior modification by which a subject comes to respond in a desired manner to a previously neutral stimulus by associating it with a stimulus that elicits an automatic response.