On June 30,2018,Padres,Inc

question 113

Multiple Choice

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

On July 1,2018,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

---

Definitions:

Rural Populations

Communities living in non-urban areas, often associated with agriculture or small towns, typically having distinct social and economic characteristics from urban populations.

Production Methods

Various techniques and processes used in the creation of goods and services, ranging from traditional craftsmanship to modern industrial manufacturing.

Knights of Labor

An American labor organization founded in 1869, which aimed to unite skilled and unskilled workers to advocate for workers' rights and social reforms.

Eight-hour Workday

Refers to the movement and subsequent legislation aimed at limiting the workday to eight hours for health and welfare reasons, started in the late 19th century.