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The B Spaniel Company Has Common Stock with a $5 Par

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The B. Spaniel Company has common stock with a $5 par value. 100,000 shares were authorized and 25,000 shares were issued. Common stock is currently selling at $13 per share. The number of shares of common stock authorized and issued after the distribution of a 15% common stock dividend is:

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Definitions:

Loudness

The characteristic of a sound that is primarily a psychological correlate of physical strength (amplitude).

Sound Wave

A type of pressure wave caused by the vibration of an object, which travels through a medium (e.g., air) and is perceived as sound.

Intensity

The degree of strength, force, or energy in a phenomenon or activity.

Convergence

The turning inward of the eyes, which occurs when they focus on a nearby object.

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