The Following Information Is from the Balance Sheet of Tudor

question 106

Multiple Choice

The following information is from the balance sheet of Tudor Corporation as of December 31, 2014. What was the average issue price of the common stock shares?

• A)$1.90
• B)$1.00
• C)$3.00
• D)$13.15

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Definitions:

Stock Splits

A corporate action to increase the number of shares, thereby reducing the price per share without altering the company's market capitalization.

Stock Dividends

Dividends paid to shareholders in the form of additional shares of the company's stock, rather than cash.

Economic Value

The value of an asset, product, or service determined through its ability to generate income or benefits for its owner.

Stock Dividend

A distribution of extra shares as a dividend, rather than distributing cash.