On June 30, 2015, Roger Company Showed the Following Data

question 31

Multiple Choice

On June 30, 2015, Roger Company showed the following data on the equity section of their balance sheet: On July 1, 2015, Roger declared and distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new number of shares issued shown on the balance sheet?

• A)26,000
• B)66,000
• C)147,000
• D)105,000

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Definitions:

Units Extracted

The quantity of resources, such as minerals or oil, removed from the ground or source.

Units Sold

The total number of product units that have been sold during a specific period.

Franchise

A business model that allows individuals or entities to operate a business under an established brand and business system in exchange for fees and adherence to certain standards.

Equipment

Tangible property used in operations, such as machinery or computers, that has a useful life beyond a single reporting period.