The Per Share Amount Normally Assigned by the Board of Directors

question 101

Multiple Choice

The per share amount normally assigned by the board of directors to a small stock dividend is

• A)the market value of the stock on the date of declaration.
• B)the average price paid by stockholders on outstanding shares.
• C)the par or stated value of the stock.
• D)zero.

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Definitions:

Pfr

Phytochrome Far-red form, a light-absorbing form of the phytochrome plant photoreceptor, significant in regulating plant development in response to light.

Nerve Cord

A major nervous system component in many animals, typically running along the length of the body and functioning as the central pathway for nerve impulses.

Annelids

A phylum of invertebrate worms known for their segmented bodies, which includes earthworms, leeches, and polychaetes.

Arthropods

A diverse phylum of invertebrate animals that have an exoskeleton, a segmented body, and paired jointed appendages, including insects, arachnids, and crustaceans.