A Company with 100,000 Authorized Shares of $4 Par Common

question 139

Multiple Choice

A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $11 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

• A) $3,200
• B) $6,400
• C) $4,800
• D) $8,800

Understand the functionality and importance of network software.

Grasp the basics of network security and encryption.

Comprehend the concepts of compatibility and standards in network technology.

Understand storage solutions and their relevance in network settings.

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Definitions:

VFDs

Variable Frequency Drives, electronic devices that control the speed of an electric motor by varying the frequency and voltage supplied to the motor.

Fractional Horsepower

Describes motors that have a power rating less than one horsepower, often used in low power applications such as household appliances and small machinery.

Specialized Motors

Motors designed for specific applications or environments, offering unique features or capabilities not found in standard motors.

Affinity Laws

Mathematical equations that describe the relationship between variables such as flow, pressure, and power across fans, pumps, and other fluid dynamic systems.