The Mining Co

question 91

Multiple Choice

The Mining Co.has 20,000 shares of stock outstanding.The current market value of the firm is $328,000.The company has retained earnings of $27,000,capital in excess of par value of $160,000,and a common stock account value of $40,000.The company is planning a 2-for-5 reverse stock split.What will the par value per share be after the split?

• A)$0.15
• B)$0.20
• C)$1.00
• D)$2.50
• E)$5.00

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Definitions:

Reasonable Accommodations

Modifications or adjustments to a job, the work environment, or the way things are usually done to enable individuals with disabilities to enjoy equal employment opportunities.

Essential Functions

Core duties or tasks of a job that are necessary to carry out the position's purposes and requirements.

Disparate Impact Claim

A legal claim that alleges policies or practices have a discriminatory effect on a protected class, even if the discrimination was not intentional.

Minimum Wage

The lowest legal hourly pay for workers, set by government law.