Farrah Owns 5,000 Shares of Stock in DAS,Inc

question 167

Multiple Choice

Farrah owns 5,000 shares of stock in DAS,Inc.with a market value of $15,000.DAS declares a 20% stock dividend.After the dividend is paid,Farrah owns

• A) 6,000 shares with a market value of $18,000.
• B) 6,000 shares with a market value of $15,000.
• C) 5,100 shares with a market value of $15,300.
• D) 5,000 shares with a market value of $18,000.

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Definitions:

Bits

The smallest unit of data in computing represented by a binary digit, either 0 or 1, used to encode digital information.

Word

Word refers to Microsoft Word, a widely used word processing software developed by Microsoft, or can simply mean a single distinct meaningful element of speech or writing.

Bit

The smallest unit of data in computing, representing a single binary value of either 0 or 1.

Representation

In computing, the use of symbols, signs, or codes to stand for or depict data and instructions to be used in processes or communication.