STU Corporation Is Authorized to Issue 500,000 Shares of $12

question 121

Multiple Choice

STU Corporation is authorized to issue 500,000 shares of $12.00 par value common stock. As of December 2014, STU's stockholders' equity accounts report the following balances: At the end of 2014, ABD decided to issue a 15% stock dividend, when the market price of the stock was $14 per share.
Calculate the number of shares outstanding after the stock dividends are issued.

• A) 7,950 shares
• B) 53,000 shares
• C) 60,950 shares
• D) 79,500 shares

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Definitions:

Global Leadership Competency

The ability to influence and guide individuals or groups in a global context, understanding cross-cultural nuances and adapting leadership styles to diverse environments.

Contextual Resilience

The capacity of an entity or system to adapt and thrive in the face of evolving external pressures and changes in its environment.

Protection Money

Payments made to a group or individual, typically in an illegitimate context, for protection from harm or harassment.

Degree Of Presence

The extent to which an entity is noticeable or influential in a particular environment or context.