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

question 72

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 paid in surplus account value be after the split?

• A)$126,000
• B)$210,000
• C)$283,500
• D)$315,000
• E)$472,500

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Definitions:

Femoral Artery

A major blood vessel of the lower limb, supplying oxygenated blood to the leg.

External Iliac

A major artery that originates from the common iliac artery to supply blood to the lower limb.

Infarct

An area of tissue that has died due to a lack of blood supply, often a result of obstruction in the blood vessels supplying the area.

Ischemia

A condition characterized by insufficient blood flow to a part of the body, leading to a shortage of oxygen and nutrients that can cause damage or dysfunction.