Samuel's Has 42,000 Shares of Stock Outstanding with a Par

question 45

Multiple Choice

Samuel's has 42,000 shares of stock outstanding with a par value of $1 per share and a market price per share of $41.The balance sheet shows $1,358,000 in the capital in excess of par account and $2,212,500 in the retained earnings account.The firm just announced a stock dividend of 50 percent.What is the value of the capital in excess of par account after the dividend?

• A)$1,358,000
• B)$612,500
• C)$518,000
• D)$497,000
• E)$221,900

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Definitions:

Moral Domains

Specific areas of moral judgment that distinguish between types of ethical or moral behavior.

Shweder

Richard A. Shweder, an anthropologist known for his work in cultural psychology and ethnopsychology, particularly regarding moral reasoning.

Competence Morals

Moral principles that emphasize the ethically correct way of acting in situations requiring skill, knowledge, and expertise.

Beliefs

Convictions or acceptance that certain things are true or real, often without empirical evidence.