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:

Ghrelin

A hormone, secreted by an empty stomach, that is associated with increasing eating behavior based on short-term signals in the bloodstream.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Insulin

A hormone, secreted by the pancreas, that controls glucose levels in the blood.

Arousal

A physiological and psychological state of being awake or reactive to stimuli.