The Uptowner Has 11,000 Shares of Stock Outstanding with a Par

question 33

Multiple Choice

The Uptowner has 11,000 shares of stock outstanding with a par value of $1 per share and a market value of $14 per share.The balance sheet shows $11,000 in the common stock account,$60,300 in the capital in excess of par value account,and $72,100 in the retained earnings account.The firm just announced a large stock dividend of 65 percent.What is the value of the common stock account after the dividend?

• A)$17,750
• B)$18,500
• C)$18,150
• D)$11,000
• E)$14,000

---

Definitions:

Division of Labour

The assignment of different parts of a manufacturing process or task to different individuals in order to improve efficiency.

Collection of Tasks

A set of activities or assignments grouped together, often aiming to achieve a particular goal or outcome.

Job Involvement

Defined as the extent to which an individual is dedicated to a job.

Organisational Commitment

Defined as the loyalty of an individual to the organisation.