ABC Experienced the Following Changes in Its Capital Structure During

question 25

Multiple Choice

ABC experienced the following changes in its capital structure during 2014: Outstanding on January 1,2014,90 common stock shares
Sold 120 common shares on February 1,2014
Sold 60 common shares on April 1,2014
Issued a 2 for 1 split on August 1,2014
ABC's weighted average number of common shares outstanding for 2014 would be:

• A) 245.
• B) 315.
• C) 490.
• D) 540.

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Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or values).

State of Tension

A psychological and physiological condition characterized by feelings of unease or stress that can motivate behavior to relieve this discomfort.

Incongruent

Describes something that is not in harmony or consistent with something else, often leading to cognitive dissonance.

Stanley Milgram

A psychologist known for his research on obedience, demonstrating how people are willing to follow orders from authority figures, even to the extent of harming others.