A Small Stock Dividend of 5,000 Shares Was Declared and Distributed

question 152

Multiple Choice

A small stock dividend of 5,000 shares was declared and distributed during 2009. What was the market price per share on the date of declaration?

• A) $82 per share.
• B) $80 per share.
• C) $2 per share.
• D) $78 per share.

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Definitions:

Point

Point often refers to a specific location or position in geometric space or in the context of discussions, an argument or idea being made.

Budget Constraint

A financial limitation that represents the combination of goods and services a consumer can afford with their available income.

Monthly Income

The total income received every month from all sources including salaries, benefits, and investments.

Purchase Bundle

A combination of goods and services that a consumer buys at a given time.