Stock Dividend-Effect on Book Value

question 86

Essay

Stock dividend-effect on book value
Olympic Corporation has 75,000 shares of $1 par value stock outstanding. The largest single stockholder is Lou Cheng, who owns 6,000 shares. On December 31, the total assets of the company amount to $4,360,000 and total liabilities to $2,230,000. On that date, the board of directors declared a stock dividend of one new share for each five shares outstanding. Compute the following:

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Definitions:

Brain And Body

The interconnected relationship between the physical structure and function of the brain and the overall physical health and actions of the body.

X-linked Disorders

These are genetic conditions linked to mutations in genes on the X chromosome, often manifesting prominently in males.

Double-ovulate

The occurrence of releasing two eggs during a single menstrual cycle, which can lead to fraternal twins if both eggs are fertilized.

X-linked

A term referring to genes or genetic conditions that are associated with the X chromosome, often affecting males more frequently or severely because they have only one X chromosome.