Assume a Firm Has Declared a 10% Stock Dividend on Its

question 13

Multiple Choice

Assume a firm has declared a 10% stock dividend on its 1.5 million shares of outstanding $3 par value common stock. If the market value of the stock at the date of the stock dividend is $10 per share and the retained earnings account balance just before the dividend was $2,600,000, what is the retained earnings balance after the dividend?

• A)$2,450,000
• B)$1,100,000
• C)$1,500,000
• D)$2,150,000

---

Definitions:

Unrealistic Deadlines

Timeframes for completing tasks or projects that are unreasonable or unachievable, often leading to stress and lower quality outcomes.

High Goals

Ambitious objectives that challenge an individual or organization to achieve significant improvements or success.

Constructive Stress

Stress that is perceived as positive or beneficial, motivating individuals to perform better and achieve their goals.