Stock Dividend-Effect on Book Value
Olympic Corporation Has 75,000 Shares $\$\_\_\_\_\_$

question 84

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:
(a) Book value per share before the stock dividend $\$\_\_\_\_\_$ per share
(b) Book value per share after stock dividend $\$\_\_\_\_\_$
(c) Total book value of Lou Cheng 's stockholdings per share before the stock dividend $\$ \_\_\_\_\_$
(d) Total book value of Lou Cheng 's stockholdings after the stock dividend $\$\_\_\_\_\_$

Recognize the motivations behind college attendance in the modern era.

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Understand changes in gender differences in career development over the past 50 years.

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Definitions:

Personality Assessment

The measurement and evaluation of psychological traits, behaviors, and attitudes to understand an individual's personality.

Projective Test

A psychological assessment tool in which participants interpret ambiguous stimuli, revealing hidden emotions and internal conflicts.

Ambiguous Stimulus

A type of stimulus that can be interpreted in more than one way, often used in psychological tests to study perception and personality.

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