On June 30,2018,Ginger,Inc

question 77

Multiple Choice

On June 30,2018,Ginger,Inc.showed the following data on the equity section of their balance sheet: On July 1,2018,the company declared and distributed a 9% stock dividend.The market value of the stock at that time was $20 per share.Following this transaction,what is the balance of Common Stock?

• A)$163,500
• B)$57,180
• C)$285,540
• D)$357,180

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Definitions:

Inventory Carrying Costs

Inventory carrying costs refer to the total expenses associated with holding and storing unsold goods, including warehousing, insurance, depreciation, and opportunity costs.

Fiscal Policy

Government policies related to taxation and spending aimed at influencing a country's economy.

Money Supply

The sum of financial resources accessible within an economy at a given moment, encompassing cash, coins, and amounts present in both checking and savings accounts.

Government Purchases

Expenditures made by the government for goods and services that directly satisfy the needs of the community or help in the production of further goods.