At the Summer Solstice, Usually June 22, There Is

question 28

Multiple Choice

At the summer solstice, usually June 22, there is

• A) 24 h of sunlight inside the Arctic Circle and 24 h of darkness inside the Antarctic Circle.
• B) 24 h of sunlight inside both the Arctic and Antarctic Circles.
• C) 12 h of sunlight inside the Arctic Circle and 24 h of darkness inside the Antarctic Circle.
• D) 12 h of sunlight inside both the Arctic and Antarctic Circles.

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Definitions:

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout.

Stock Split

An increase in a firm’s shares outstanding without any change in owner’s equity.

Retained Earnings

Profit that is not distributed to the shareholders but is kept by the company for future investment or to pay off debt.