Robinson's Has 15,000 Shares of Stock Outstanding with a Par

question 52

Multiple Choice

Robinson's has 15,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $36 a share. The balance sheet shows $15,000 in the common stock account,$315,000 in the capital in excess of par account,and $189,000 in the retained earnings account. The firm just announced a 3-for-2 stock split. What will the market price per share be after the split?

• A) $18
• B) $24
• C) $42
• D) $48
• E) $54

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Definitions:

SBAR

A communication method used in healthcare to ensure clear and concise information exchange; it stands for Situation, Background, Assessment, Recommendation.

Discharge Summary

A document that outlines a patient's hospital stay, treatment given, and instructions for follow-up care upon discharge from a hospital or clinic.

Standardized Care Plan

A pre-established guide used by healthcare providers to administer consistent and comprehensive care for specific health issues.

Flow Sheet

A document used to record and track patient data over time, often used in medical and healthcare settings for monitoring treatment progress.