Concin Has the Following Equity Accounts on Its Balance Sheet

question 62

Multiple Choice

Concin has the following equity accounts on its balance sheet:

The current market price for a share of Concin's stock is $24.25.If the firm declares a 10% stock dividend and a $0.06 per share cash dividend, what will be the impact on Common stock on the above equity account?

• A)no change
• B)increase of $225,000
• C)increase of $54,000
• D)increase of $21,600,000

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Definitions:

Tertiary Reinforcers

Stimuli that have become rewarding through their association with secondary reinforcers and are used to motivate behavior, such as money, grades, or tokens.

Skinner

B.F. Skinner, an American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Environmental Events

Occurrences or changes in the physical world surrounding an organism that can influence its behavior and survival.