On June 30,2015,Rangers Inc

question 114

Multiple Choice

On June 30,2015,Rangers Inc.showed the following data on the equity section of their balance sheet: On July 1,2015,the company 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:

Logarithm

The power to which a base number must be raised to produce a given number.

Fechner's Law

A principle in psychophysics stating that the perceived intensity of a stimulus changes in proportion to the logarithm of the actual stimulus intensity.

Standard Stimulus

A specific environmental condition or stimuli that is consistently used throughout an experiment as a benchmark against which subjects' reactions or responses are measured.

Jnd

The just noticeable difference, the minimal change in stimulus intensity required to detect a difference between two stimuli.