On June 30, 2013, Stephans Company Showed the Following Data

question 151

Multiple Choice

On June 30, 2013, Stephans Company showed the following data on the equity section of their balance sheet: On July 1, 2013, Stephans 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)42,000
• D)105,000

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Definitions:

Big Five

Relates to the five broad personality traits used in psychology: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness Factor

A personality trait characterized by being thorough, careful, or vigilant; it implies a desire to do a task well.

Teams Competency

The range of skills and abilities that a team possesses in order to perform effectively.

Extraversion

A personality trait characterized by outgoingness, sociability, and a high level of activity.