A Corporation Had 40,000 Shares of $10 Par Value Common

question 135

Multiple Choice

A corporation had 40,000 shares of $10 par value common stock outstanding on August 1. Later that day, the board of directors declared a 9% stock dividend when the market value of each share was $72. The entry to record this dividend is:

---

Definitions:

Supportive

Providing encouragement, aid, or comfort to someone, offering a foundation of emotional or practical assistance.

Vertical Segregation

The division of job roles based on hierarchical positions where one gender predominates in certain levels of an organization, often with men in higher-status positions.

Occupational Hierarchy

The arrangement of jobs and professions in an ordered system, often based on prestige, authority, or income.

Glass Ceiling

A metaphor for the invisible barrier that prevents certain individuals, often women and minorities, from rising to the upper rungs of the corporate ladder, regardless of their qualifications or achievements.