Braco Has 80,000 Shares of $100 Par Value Common Stock

question 20

Multiple Choice

Braco has 80,000 shares of $100 par value common stock outstanding, and 20,000 shares in the treasury. The number of additional shares that would be issued in a 5% stock dividend is:

• A) 1,000
• B) 2,000
• C) 4,000
• D)5,000

---

Definitions:

Numerical Variables

Variables that represent quantifiable data, allowing for mathematical operations to be performed on them.

Poisson Distribution

A probability distribution that expresses the likelihood of a given number of events occurring in a fixed interval of time or space.

Normal Distribution

A type of continuous probability distribution for a real-valued random variable, characterized by a symmetric bell-shaped curve.

Binomial Distribution

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters.