A stock dividend decreases the market price of the company's stock.
Answer the following statement true (T) or false (F)
True
You might also like to view...
On September 1, 2013, Marker Corporation declared and issued a 20 percent common stock dividend. Prior to this date, Marker had 20,000 shares of $2 par value common stock that were both issued and outstanding. The market value of Marker's stock was $20 per share at the time the dividend was issued. As a result of this stock dividend, Marker's total stockholders' equity
a. decreased by $40,000. b. decreased by $400,000. c. increased by $400,000. d. increased by $40,000. e. did not change.
Double taxation is a disadvantage of a corporation because the same party has to pay taxes twice on the income
Indicate whether the statement is true or false
A legally astute manager understands that legal analysis is often ambiguous
a. True b. False Indicate whether the statement is true or false
Fact Pattern 28-3BDillon and Evan are brothers. They agree to act as guarantors on a loan made by their sister, Fiona. Fiona defaults on the payments and Dillon refuses to pay. Evan pays the debt.Refer to Fact Pattern 28-3B. Evan can recover from Dillon under
A. the right of proportionate liability. B. the right of reimbursement. C. the right of contribution. D. no right, because the parties are brothers.