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The Shareholders' Equity Section of the Balance Sheet of Caesar

question 59

Multiple Choice

The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)
The shareholders' equity section of the balance sheet of Caesar Corporation at December 31, 2009, appears as follows: (The company engaged in no treasury share transactions prior to 2009)       -Refer to the above data. A small stock dividend of 1,000 shares was declared and distributed during 2009. What was the market price per share on the date of declaration? A)  $8.00 per share. B)  $2 per share. C)  $16 per share. D)  $28.00 per share.


-Refer to the above data. A small stock dividend of 1,000 shares was declared and distributed during 2009. What was the market price per share on the date of declaration?


Definitions:

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in like circumstances.

Misrepresentations

False or misleading statements that can lead someone to enter into an agreement or make a decision under false pretenses.

Vicarious Liability

A legal principle where one party is held responsible for the actions or omissions of another party.

Vicariously Liable

The legal responsibility of one party for the actions of another, based on a special relationship, such as an employer being liable for the actions of an employee.

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