Lexington Stables Just Declared a 15 Percent Stock Dividend

question 34

Multiple Choice

Lexington Stables just declared a 15 percent stock dividend.Which one of the following increased by 15 percent as a result of this dividend?

• A)Book value of firm's equity
• B)Shareholders' wealth
• C)Number of shares outstanding
• D)Firm's cash balance
• E)Stock price

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Definitions:

Idiographic Goals

Unique, personal goals that are specific to individuals and help guide their behavior.

Independent Function

A task or operation that can be performed without the need to rely on other functions or processes.

Conscious

Being aware of one's own existence, sensations, thoughts, surroundings, and having a sense of self.

Nomothetic Goals

In personality psychology, this refers to the approach that aims to study personality through generalized, universal laws applicable to large groups of people.