On July 1, 20xx, Tobias Corporation had 20,000 shares of its $100 par value common stock outstanding. On July 2, 20xx, Tobias declared a 15 percent stock dividend to be distributed on August 6, 20xx, to shareholders of record on July 16, 20xx. What amount of retained earnings should be transferred to contributed capital because of this dividend?
a. None
b. Market value of the stock at the date of distribution multiplied by the number of dividend shares
c. Market value of the stock at the date of declaration multiplied by the number of dividend shares
d. Par value per share multiplied by the number of dividend shares
C
You might also like to view...
A field environment is synonymous with actual market conditions
Indicate whether the statement is true or false
_____ refers to the distinctness or clarity with which you articulate or sound each part of a word
Fill in the blank(s) with correct word
Which of the following statements is not true about recruiting and training a sales force?
A. The source of recruits used by a manager depends on the type of salesperson required. B. The more expensive steps of the selection process should occur near the end. C. The sales manager should analyze traits of the firm's successful and ineffective salespeople. D. Marketers agree on a generally accepted set of traits for being an effective salesperson. E. Companies that want to reduce sales force turnover are likely to have a strict recruiting process.
Public policy would protect an employee fired for any of the following reasons EXCEPT:
a. an employee's refusing to engage in illegal activity b. an employee's exercising a legal right c. an employee's reporting of illegal activity d. an employee's refusing to work overtime