Mission Corporation Reported the Following Equity Section on Its Current

question 219

Multiple Choice

Mission Corporation reported the following equity section on its current balance sheet.The common stock is currently selling for $18.00 per share. $$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Common Stock, } \$ 5 \text { par, } 194,000 \text { shares authorized, } 143,000 \text { shares issued } \\\text { and outstanding }\end{array} & \$ 715,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & 130,000 \\\hline \text { Retained Earnings } & 301,000 \\\hline \text { Total Stockholders' Equity } & \$ 1,146,000 \\\hline\end{array}$$ After the declaration and distribution of a 12% stock dividend,what is the total number of common shares issued?

• A) 13,000
• B) 160,160
• C) 143,000
• D) 17,160

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Definitions:

Parietal Lobe

One of the four major lobes of the brain, located at the upper back area in the skull, which processes sensory information such as touch, temperature, and pain.

Emotional Experience

The personal feelings or emotions one undergoes in response to external stimuli or internal thoughts.

Sensory Experience

The subjective experience that results from the processing of sensory input (e.g., sight, sound, touch, taste, and smell) by the nervous system.

Lack of Control

A situation or feeling where an individual perceives they have no power or influence over events or outcomes in their life.