Bruno's Has 17,000 Shares of Stock Outstanding with a Par

question 83

Multiple Choice

Bruno's has 17,000 shares of stock outstanding with a par value of $1 per share and a market value of $38.29 per share.The balance sheet shows $17,000 in the common stock account,$528,360 in the capital in excess of par value account,and $432,500 in the retained earnings account.The firm just announced a 50 percent (large) stock dividend.What will be the balance in the capital in excess of par value after the dividend?

• A)$211,395
• B)$792,540
• C)$845,325
• D)$528,360
• E)$202,895

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Definitions:

Right Hand

The dominant hand for the majority of people, often associated with manual tasks and writing.

Corpus Callosum

A substantial cluster of nerve fibers that links the two halves of the brain, enabling the hemispheres to exchange information.

Name

A word or set of words by which a person, place, or thing is known, addressed, or referred to.

Right Hemisphere

The half of the brain that controls the left side of the body, known for its role in processing visual-spatial and intuitive information, and in managing tasks associated with creativity and imagination.