On June 30,2017,Rangers,Inc

question 152

Multiple Choice

On June 30,2017,Rangers,Inc.showed the following data on the equity section of their balance sheet:

On July 1,2017,the company declared and distributed a 12% stock dividend.The market value of the stock at that time was $22 per share.Following this transaction,what is the number of shares issued?

• A)119,640
• B)342,600
• C)178,080
• D)159,000

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Definitions:

Prefix

A word, letter, or number placed before another to alter its meaning or create a new term.

Re-

A prefix meaning again or back, used to indicate repetition or reversal.

Prefix

A collection of characters placed before a word to alter its definition, like 'un-' in 'unhappy'.

Ad-

A prefix meaning toward or in the direction of, often used in medical terms.