In an Individual Retirement Account (IRA) Valued at $49,050, a Couple

question 19

Multiple Choice

In an Individual Retirement Account (IRA) valued at $49,050, a couple has 450 shares of stock, some in Big Bank Corporation and some in Safe Savings and Loan. If Big Bank sells for $115 per share and Safe Savings sells for $97 per share, how many shares of each does the couple own?

• A) 300 shares of Big Bank Corporation and 150 shares of Safe Savings and Loan
• B) 310 shares of Big Bank Corporation and 160 shares of Safe Savings and Loan
• C) 150 shares of Big Bank Corporation and 300 shares of Safe Savings and Loan
• D) 300 shares of Big Bank Corporation and 160 shares of Safe Savings and Loan
• E) 310 shares of Big Bank Corporation and 150 shares of Safe Savings and Loan

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Definitions:

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, including issuing stocks, paying dividends, and borrowing loans.

Statement Of Cash Flows

A financial report that details the inflows and outflows of cash within a company over a specific period, indicating its operational, investing, and financing activities.

Financing Activities

Transactions and events affecting the long-term liabilities and equity of a company, including issuing debt, repaying loans, and distributing dividends.

Net Cash

The amount of cash that is remaining after all cash inflows and outflows have been accounted for, over a specific period.