The Retail Outlet Has 6,000 Shares of Stock Outstanding with a Par

question 55

Multiple Choice

The Retail Outlet has 6,000 shares of stock outstanding with a par value of $1.00 per share. The current market value of the firm is $420,000. The balance sheet shows a capital in excess of par account value of $136,000 and retained earnings of $234,000. The company just announced a 2-for-1 stock split. What will the common stock account balance be after the split?

• A) $3,000
• B) $4,500
• C) $6,000
• D) $9,000
• E) $12,000

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Definitions:

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with their sex assigned at birth.

Self-Concept

A person’s image and evaluation of important aspects of oneself.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

Patriarchy

A society or group where men have power over women.