Fortune, Inc

question 12

Multiple Choice

Fortune, Inc. declares a 10% common stock dividend when it has 20,000 shares of $10 par value common stock outstanding. If the market value of the common stock is $25, the journal entry to record the stock dividend would include a:

• A) credit to Common Stock $50,000.
• B) credit to Common Stock $20,000.
• C) credit to Paid-in Capital in Excess of Par Value $30,000.
• D) credit to Paid-in Capital in Excess of Par Value $20,000

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Definitions:

Measurements

The collection of quantitative data or observations that describe and quantify attributes or characteristics.

Outliers

Observations in a dataset that are significantly different from the majority of the data, potentially indicating measurement error or a population variance.

Small Cracks

Minor fissures or fractures in materials, often indicating potential failure points or structural weaknesses.

Summary Statistics

Statistical measures that capture important aspects of a dataset, such as its center, spread, and shape, with values like mean, median, and standard deviation.