The Market Value Balance Sheet for Inbox Manufacturing Is Shown $$\text { Market Value Balance Sheet }$$

question 38

Multiple Choice

The market value balance sheet for Inbox Manufacturing is shown here.Inbox has declared a 15 percent stock dividend.The stock goes ex-dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend) .There are 13,000 shares outstanding.What is the ex-dividend stock price? $$\text { Market Value Balance Sheet }$$

• A)$23.51
• B)$25.15
• C)$25.51
• D)$26.86
• E)$28.92

Grasp the initial value method and its applications in accounting for investments in subsidiaries.

Calculate consolidated noncurrent assets and understand allocation of excess consideration in acquisitions.

Recognize accounting treatment for multiple acquisitions and changes in ownership percentages.

Understand consolidation procedures for subsidiaries acquired during the fiscal year.

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