On June 30,2015,Rangers Inc

question 151

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 balance in Retained Earnings?

• A)$916,000
• B)$942,000
• C)$966,000
• D)$849,000

---

Definitions:

Cultural Difference

The diversity in values, beliefs, customs, and practices observed among individuals from different cultural backgrounds.

Action-Adventure Films

A genre of cinema that combines elements of both action and adventure films, often featuring heroes who undertake significant quests or missions.

Value

The importance, worth, or usefulness of something; also reflects principles or standards of behavior one considers important in life.

Ideological Criticism

A method of analyzing media texts that focuses on how cultural beliefs and values are embedded and promoted.