Use the Following Information to Answer the Following Question(s)

question 45

Multiple Choice

Use the following information to answer the following question(s) .
Your firm is planning to pay a 15% share dividend.The market price for the share has been $84.The table below presents the equity portion of your firm's balance sheet before the dividend.
Common share

-If instead of a share dividend, your firm decided to split the share 2-1, then the number of shares outstanding and their par value per share would be [blank].

• A)1 million; $4
• B)1 million; $8
• C)2 million; $2
• D)2 million; $4

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Definitions:

Mende Girls

A term that may refer to young females within the Mende ethnic group, which is primarily found in Sierra Leone, known for their rich cultural traditions and societal roles.

Female Initiation Rites

Ceremonial practices marking the transition of girls into womanhood, often involving traditional rituals and teachings specific to a culture.

Menstruation

A natural biological process where blood and other material from the lining of the uterus is discharged through the vagina, typically occurring in human females from puberty to menopause.

Rite of Passage

A ceremonial event or practice marking an important stage in an individual's life, especially significant transitions such as puberty, marriage, or death.