At the Beginning of the Current Year, Bard Corporation Had

question 29

Multiple Choice

At the beginning of the current year, Bard Corporation had 400,000 shares of $1 par common stock outstanding and had retained earnings of $11,000,000. During the year, the company earned $5,000,000, declared a 5% stock dividend when the price of stock was $25 per share, and paid a year-end cash dividend of $2 per share. (The cash dividend was paid after the stock dividend had been distributed.) Bard Corporation's retained earnings at the end of the year amount to:

• A) $16,000,000.
• B) $14,660,000.
• C) $14,320,000.
• D) $14,700,000.

Understand the function and significance of soil types in supporting plant and animal life.

Appreciate the role of decomposers in ecosystems and factors influencing their distribution.

Understand the composition and properties of different types of soil.

Identify and describe processes involved in the water cycle and their impacts on soil and ecosystems.

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.

Marginal Revenue Curve

A graphical representation showing how marginal revenue changes as output level changes.

Competitive Industry

An industry characterized by many firms offering similar products where no single firm can influence the market price.

Monopolistic Industry

An industry characterized by the domination of one firm which controls the majority of the market share and can influence price and competition.