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

question 37

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 market value of the stock be?

• A) $45.00 per share
• B) $44.00 per share
• C) $135.00 per share
• D) $0.50 per share

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Definitions:

Beck

Aaron T. Beck, an American psychiatrist known for developing cognitive therapy (later known as cognitive-behavioral therapy) and his work on cognitive theories of depression.

Distancing

A psychological mechanism where individuals create emotional space between themselves and challenging situations or emotions.

Therapeutic Method

Generic term for the various techniques or approaches used by therapists to help clients overcome psychological issues, improve mental health, or facilitate personal growth.

Problematic Thoughts

Cognitions that are distorted, unrealistic, and negatively impact an individual's emotional well-being or behavior.