MNO Declared a Stock Dividend When It Had 40,000 Shares

question 154

Multiple Choice

MNO declared a stock dividend when it had 40,000 shares outstanding.After issuing the dividend,7,200 additional shares and 4,000 fractional share rights were outstanding.If it required five fractional share rights to acquire a new share,this dividend must have been a:

• A) 5 percent stock dividend.
• B) 10 percent stock dividend.
• C) 15 percent stock dividend.
• D) 20 percent stock dividend.

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Definitions:

Metaphors

Figures of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, often providing a symbolic comparison.

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The process by which individuals perceive, think, and gain understanding of their world through the interaction of genetic and learned factors.

Middle Childhood

A developmental stage that generally includes children from 6 to 12 years old, focusing on the growth of cognitive, social, and emotional skills.

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An educational approach where children are instructed at home by parents or tutors, rather than in traditional public or private school settings.