Samuel's Has 7,000 Shares of Stock Outstanding with a Par

question 34

Multiple Choice

Samuel's has 7,000 shares of stock outstanding with a par value of $1.00 per share and a market value of $12 per share. The balance sheet shows $7,000 in the common stock account,$58,000 in the capital in excess of par account and $32,500 in the retained earnings account. The firm just announced a 50% (large) stock dividend. What is the value of the capital in excess of par account after the dividend?

• A) $58,000
• B) $61,500
• C) $87,000
• D) $96,500
• E) $100,000

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Definitions:

Psychopathology

The study of mental disorders, including their symptoms, causes, and treatment.

Treatment Planning

The process of outlining the proposed therapy or interventions for a patient, based on their assessment and diagnosis.

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Professional guidance and advice given to individuals to help them make informed decisions regarding their career paths and development.

Personality Orientation

An individual's characteristic pattern of thinking, feeling, and behaving.