A Company Originally Issued 13,000 Shares of $6 Par Value

question 239

Multiple Choice

A company originally issued 13,000 shares of $6 par value common stock at $12 per share.The board of directors declares a 12% stock dividend when the market price of the stock is $22 a share.Which of the following is included in the entry to record the declaration of a stock dividend?

• A) Stock Dividends is debited for $34,320.
• B) Stock Dividends is credited for $34,320.
• C) Stock Dividends is debited for $18,720.
• D) Paid-In Capital in Excess of Par-Common is credited for $18,720.

Comprehend the definition, applications, and implications of intensity in nonverbal communication.

Differentiate between a grapevine and a rumor mill within organizational contexts.

Recognize how poor situational timing can affect the efficacy of communication.

Identify characteristics of low-context and high-context cultures and their impact on communication.

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Definitions:

Government Expenditures

The total amount spent by the government for its operations, programs, and public services.

Business Cycle

Fluctuations in economic activity, such as employment and production

Stabilization Policy

Government strategies aimed at reducing economic volatility and maintaining stable economic growth, including measures such as fiscal and monetary policy adjustments.

Economists

Professionals who study the production, distribution, and consumption of goods and services, often analyzing economic issues and policies.