On June 1, 20xx, Sterling Corporation had 40,000 shares of $10 par value common stock outstanding. On June 2, 20xx, Sterling declared a 40 percent stock dividend to be distributed on July 5, 20xx, to shareholders of record on June 15, 20xx. What amount of retained earnings should be transferred to contributed capital because of this dividend?
a. None
b. Par value per share multiplied by the number of dividend shares
c. Market value of the stock at the date of distribution multiplied by the number of dividend shares
d. Market value of the stock at the date of declaration multiplied by the number of dividend shares
B
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Which of the following statements about the adversary system is true?
A. The judges have a duty to direct the search for truth rather than expecting it to emerge from the efforts of the lawyers for the parties. B. The lawyers, in an adversary system, do not persuade the judge that the other party's view of the facts is in error. C. The adversary system represents the idea that truth is best discovered through the presentation of competing ideas. D. The judge, in an adversary system, is actively involved in determining the facts of a case.
Book value per share measures the current value of the net assets on a per share basis
Indicate whether the statement is true or false
Which leadership style of the Hersey and Blanchard model entails allowing followers to work independently with little or no overseeing?
A. Telling B. Selling C. Participating D. Delegating E. Situational
When rights under a contract are assigned unconditionally, the rights of the assignor are extinguished.
Answer the following statement true (T) or false (F)