On August 1,2015,Omega Co

question 31

Multiple Choice

On August 1,2015,Omega Co.declared and issued a 15 percent common stock dividend.Prior to this,Omega Co.had 50,000 outstanding shares of $2 par value common stock.The market value of Omega Co.'s stock was $18 per share at the time the dividend was issued.As a result of this stock dividend,Omega Co.'s total stockholders' equity ________.

• A)increased by $15,000
• B)decreased by $135,000
• C)decreased by $7,500
• D)did not change

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Definitions:

Policy Decision

A choice made by a governing body or organization that sets a direction or action based on certain principles or objectives.

Retaliate

To respond to a wrong or injury with a similar action, often with the intent to harm or get even.

Job Performance

The extent to which an employee fulfills their job duties and responsibilities effectively.

Air Canada

Canada's largest airline, providing passenger and cargo transport services domestically and internationally.