On June 30,2018,Dakota,Inc

question 214

Multiple Choice

On June 30,2018,Dakota,Inc.showed the following data on the equity section of their balance sheet:

On July 1,2018,the company declared and distributed a 11% stock dividend.The market value of the stock at that time was $20 per share.As a result of this stock dividend,what is the balance of Retained Earnings?

• A)$770,580
• B)$951,000
• C)$981,780
• D)$621,200

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Definitions:

PR Professionals

Individuals skilled in managing and enhancing the public image and relationships of organizations or individuals.

Corporate Actions

Decisions taken by a company’s board of directors or management that impact the firm's equity or financial instruments, such as dividends, mergers, or stock splits.

PR Disaster

A situation where poor handling of public relations causes significant harm to a brand's or individual's reputation.

Crisis Communication

A sub-discipline of public relations aimed at protecting and defending an individual, company, or organization facing a public challenge to its reputation.