On June 30,2017,Roger,Inc.showed the following data on the equity section of their balance sheet:
On July 1,2017,the company declared and distributed a 8% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what is the balance of Common Stock?
Definitions:
Workers' Compensation
Insurance that provides wage replacement and medical benefits to employees injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue their employer for negligence.
Independent Contractors
Individuals or entities that perform work for another entity under terms specified in a contract, with a significant degree of independence in the way they operate, not considered employees.
Employees
Individuals who work for another person or an organization in return for financial or other compensation.
Employment-At-Will Doctrine
A legal principle stating an employer can terminate an employee at any time without reason, as long as the dismissal does not violate specific legal protections.
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