Able Company Receives a Stock Dividend of 50 Shares from Cole

question 167

Multiple Choice

Able Company receives a stock dividend of 50 shares from Cole Company. Able previously owned 750 shares of Cole stock that had a cost basis of $4,800. The cost basis per share of Cole stock is:

• A) $6.40.
• B) $6.00.
• C) $6.85.
• D) $96.

---

Definitions:

Draconian

is an adjective describing extremely harsh and severe laws or measures, originally referring to the rigorous code of Draco in ancient Athens.

Perceptual Studies

An interdisciplinary field of research focused on understanding how organisms perceive and interpret the world around them, involving psychology, neuroscience, and philosophy.

Surveys

Surveys are methods of gathering data and opinions from a sample of individuals, used to understand behaviors, attitudes, and characteristics of a larger population.

Interrupted Time-series

A statistical analysis method that evaluates the effects of interventions by analyzing segments of time-series data before and after the intervention.