Elite Electrical Has 380,000 Shares of $4-Par Common Stock Outstanding

question 92

Multiple Choice

Elite Electrical has 380,000 shares of $4-par common stock outstanding. They have declared a 5% stock dividend. The current market price of the common stock is $7.50/share. The amount that will be credited to common stock on the date of declaration is:

• A)$76,000.
• B)$142,500.
• C)$19,000.
• D)$218,500.

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Definitions:

Categorical Perception

The classification of sounds that vary on an acoustic dimension continuously into discrete categories.

Template-Matching

A theory in perception that suggests objects are recognized by matching sensory input with stored templates or patterns in the brain.

Speech Sounds

are the audible units and elements of language produced by the vocal tract, including vowels, consonants, and intonation patterns, that are fundamental to verbal communication.

David Marr

A British neuroscientist and psychologist known for his work on vision and computational neuroscience.