Examlex
On October 1,2016,Chief Corporation declared and issued a 10% stock dividend.Before this date,Chief had 80,000 shares of $5 par common stock outstanding.The market value of Chief Corporation on the date of declaration was $10 per share.As a result of this dividend,Chief's retained earnings will:
Price Ceiling
A government-imposed limit on the price charged for a product, aimed at preventing prices from rising above a certain level.
Equilibrium Wage
The earnings rate at which the workforce offered balances the workforce demanded.
Binding
In economic terms, refers to a price floor or ceiling that is enforced and has an effect on the market, preventing it from reaching equilibrium.
Price Ceiling
A legally established maximum price for a good or service, aimed at preventing prices from rising too high.
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