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:

Generation X

The demographic cohort following the baby boomers, typified as being born between the early 1960s to the late 1970s.

Baby Boomers

The demographic cohort following World War II, typically considered to be born from 1946 to 1964, known for its significant impact on society and economic trends.

Millennials

A generational cohort born approximately between 1981 and 1996, known for growing up in the digital age.

Menopause

Cessation of menstruation.