On October 1, 2018, Chief Corporation Declared and Issued a 10

question 32

Multiple Choice

On October 1, 2018, Chief Corporation declared and issued a 10% stock dividend. Before this date, Chief had 80,000 shares of $5 par common stock outstanding. The market value of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will:

• A) Decrease by $80,000.
• B) Not change.
• C) Decrease by $40,000.
• D) Increase by $80,000.

---

Definitions:

High Museum

A leading art museum located in Atlanta, Georgia, known for its comprehensive collection of classic to contemporary art and architecture.

Theories Of Negligence

Different legal frameworks and principles used to determine when an individual or entity can be held legally responsible for harm due to a failure to exercise appropriate care.

Economic Competition

The rivalry among businesses to attract customers and achieve higher sales and market share, considered vital for encouraging innovation and maintaining low prices.

Physical Environment

The material world that surrounds us, including both natural and built environments, and the various factors and conditions that influence life.