On January 1, 2013, Parquet Sales Issued 40,000 Shares of Common

question 56

Multiple Choice

On January 1, 2013, Parquet Sales issued 40,000 shares of common stock at a price of $22 per share. The stock has a par value of $1.00 per share. In mid-2014, due to dramatic increases in profits, the stock reached a market value of $90 per share. The board of directors approved a 2-for-1 stock split. After the stock split, what will the balance sheet show as the par value of common stock?

• A) $2.00
• B) $1.50
• C) $1.00
• D) $0.50

Understand the role and mechanisms of various neurotransmitters in affecting human behavior and psychological states.

Distinguish between the myths and scientific facts regarding the nervous system's structure and function.

Comprehend the impact of substances on neurotransmitter function and, by extension, on behavior and mental states.

Understand the concept and implications of the corporate veil and circumstances under which it may be pierced.

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Definitions:

Another Person

Refers to an individual or entity distinct from the parties directly involved in an agreement or legal case.

Security Deposits

Funds held by a landlord or property manager for a potential need related to rental property damage or non-payment, to be returned or applied as specified in a rental agreement.

Written Accounting

A detailed, formal report that records financial activities and transactions, typically prepared by an accountant or auditor.

Implied Warranty

An unwritten guarantee that the product or service sold is fit for the purpose intended and meets the buyer's expectations.