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

question 91

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 balance in Paid-In Capital in Excess of Par-Common?

• A)$286,000
• B)$284,000
• C)$260,000
• D)$344,000

---

Definitions:

Inventory Control

The processes and strategies used to manage the ordering, storing, and use of components or products to minimize costs and meet customer demand.

Professional Service

Expert services offered by individuals or firms, typically requiring certification or advanced education.

Human Resources

The division of a company involved in recruiting, hiring, training, and managing employees, focusing on enhancing workforce performance and compliance.

Operations Manager

A professional responsible for overseeing the production of goods and services, ensuring that business operations are efficient, effective, and aligned with the company's goals.