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

question 48

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 retained earnings account after the dividend?

• A) $29,000
• B) $30,500
• C) $32,500
• D) $34,500
• E) $36,000

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Definitions:

Oppositional Defiant Disorder (ODD)

A behavioral disorder in children and adolescents characterized by a persistent pattern of angry or irritable mood, argumentative/defiant behavior, and vindictiveness.

Conduct Disorder (CD)

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