On June 30,2018,Samuel,Inc On July 1,2018,the Company Declared and Distributed a 6% Stock

question 33

Multiple Choice

On June 30,2018,Samuel,Inc.showed the following data on the equity section of their balance sheet: $$\begin{array} { | l | r | } \hline \text { Stockholders' equity } & \\\hline \text { Common stock, } \$ 1 \text { par; } 199,000 \text { shares authorized, } & \\157,000 \text { shares issued and outstanding } & \$ 157,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & \$ 262,000 \\\hline \text { Retained Earnings } & \$ 957,000 \\\hline \text { Total Stockholder's Equity } & \$ 1,376,000 \\\hline\end{array}$$ On July 1,2018,the company declared and distributed a 6% stock dividend.The market value of the stock at that time was $14 per share.Following this transaction,what is total stockholders' equity?

• A) $1,376,000
• B) $1,558,140
• C) $1,302,860
• D) $1,208,840

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Definitions:

Categorical Imperative

A concept introduced by Immanuel Kant, referring to an unconditional moral principle that applies to all rational beings and dictates an action as necessary without regard for personal desire or consequence.

Absolute Moral Rules

Moral principles that are viewed as universally applicable and unchanging, regardless of context or circumstance.

Hypothetical

Pertaining to a supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Moral Character

The existence or display of virtues and ethical traits that are part of a person's nature and actions.