On June 30, 2014, Stephans Company Showed the Following Data

question 145

True/False

On June 30, 2014, Stephans Company showed the following data on the equity section of their balance sheet:
On July 1, 2014, Stephans distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, the number of shares authorized would stay the same, but the number of shares issued would go up by 5%.

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Definitions:

Unconscious

Pertains to the part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Physical Inferiority

A perception or reality of lacking in physical strength, ability, or aesthetics, compared to others, which can affect self-esteem and behaviors.

Rebellious

Characterized by a resistance to authority or control, often manifested through defiant or non-conforming behaviors.

Secure

A term often used in psychology to describe a state of being free from fear or anxiety, or in attachment theory, a healthy attachment style.