Jalisco, Inc., had issued an outstanding 250,000 shares of $8 par value common stock at January 1, Year 1 with a retained earnings balance of $750,000. Jalisco issued a 12% stock dividend to its common shareholders. At the time of the dividend the market value of the stock was $17 per share.Required:a) What is the total dollar amount of the stock dividend?b) How many shares are outstanding after the stock dividend?
What will be an ideal response?
a) Stock Dividend:
250,000 shares × 12% = 30,000 shares
30,000 shares × $17 = $510,000
b) 250,000 + 30,000 = 280,000
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What will be an ideal response?
Decisions of Administrative Law Judges are appealed to the head of their agency
a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)