Prezario's Has 25,000 Shares of Stock Outstanding with a Par

question 46

Multiple Choice

Prezario's has 25,000 shares of stock outstanding with a par value of $1 per share.The current market value of the firm is $847,000.Currently,the retained earnings account balance is $428,000 and the capital in excess of par value account balance is $187,000.The company just announced a 3-for-1 stock split.What is the common stock account balance after the stock split?

• A)$8,333
• B)$25,000
• C)$75,000
• D)$77,333
• E)$232,000

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Definitions:

Idealized Influence

A component of transformational leadership where leaders act as role models and earn respect and trust, inspiring followers through their behavior and beliefs.

Transactional Leadership

A leadership style that focuses on supervision, organization, and performance; transactional leaders reward or penalize their followers based on their performance.

Full Range Model

Refers to a leadership model that specifies a range of leadership behavior from transactional through transformational, focusing on the full scope of leadership actions.

Kouzes And Posner

James Kouzes and Barry Posner, researchers and authors known for their work on leadership practices and principles, notably the Five Practices of Exemplary Leadership.