On June 30,2017,Rangers,Inc On July 1,2017,the Company Declared and Distributed a 10% Stock

question 3

Multiple Choice

On June 30,2017,Rangers,Inc.showed the following data on the equity section of their balance sheet: $$\begin{array} { | l | r | } \hline \text { Stockholders' Equity } & \\\hline \text { Common Stock, } \$ 1 \text { par; } 197,000 \text { shares } & \\\text { authorized,146,000 shares issued and outstanding } & \$ 146,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & \$ 263,000 \\\hline \text { Retained Earnings } & \$ 958,000 \\\hline \text { Total Stockholder's Equity } & \$ 1,367,000 \\\hline\end{array}$$ On July 1,2017,the company declared and distributed a 10% stock dividend.The market value of the stock at that time was $15 per share.Following this transaction,what is the number of shares issued?

• A)86,500
• B)297,300
• C)160,600
• D)146,000

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The process or actions taken to ensure fairness and legal integrity in societal structures and legal systems.

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An agreement in a criminal case where the accused pleads guilty to a lesser charge in exchange for a lighter sentence or other benefits.

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