Use the Following to Answer Questions

question 113

Multiple Choice

Use the following to answer questions
Gilligan Corporation was established on February 15,2014.Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock.As of December 2016,Gilligan's stockholders' equity accounts report the following balances:
At the end of 2016,Gilligan decides to issue a 5% stock dividend.
At the time of issue,the market price of the stock was $22 per share.

-Calculate the number of shares outstanding after the stock dividend is issued.

• A)57,750 shares
• B)55,000 shares
• C)52,250 shares
• D)525,000 shares

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Definitions:

Work Flow Analysis

The study of the way work moves through an organization in order to improve efficiency and productivity.

Mental Demands

The cognitive and psychological efforts required by a job, including concentration, decision-making, memory, and problem-solving capabilities.

Ergonomic Challenge

Involves designing or arranging workplaces, products, and systems so that they fit the people who use them, often aiming to increase efficiency and reduce discomfort or injury.

Physical Strain

Stress or pressure applied to the body, often leading to fatigue or injury.