On January 1, 2016, the Accounts of Mac Corporation Showed

question 57

Essay

On January 1, 2016, the accounts of Mac Corporation showed the following: During 2016, the following transactions occurred which affected stockholders' equity (in the order given):
A.Issued a 100% stock dividend when the market price was at $5 per share.
B.Purchased treasury stock, 1,000 shares, at a total cost of $8,000.
C.Declared and paid cash dividends, $15,000.
D.Net income for 2016, $25,000.

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Definitions:

Okazaki Fragments

Short sequences of DNA nucleotides which are synthesized discontinuously and later joined together during DNA replication on the lagging strand.

DNA Ligase

A catalyst that aids in connecting strands of DNA by promoting the creation of a phosphodiester linkage.

Apoptosis

A process of programmed cell death that occurs in multicellular organisms, maintaining health by eliminating old, unnecessary, or unhealthy cells.

Cancerous Cells

Abnormal cells that divide uncontrollably and can invade nearby tissues or spread to other parts of the body.