Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock. As of December 30, Year 1, Gilligan's stockholders' equity accounts report the following balances: Common stock, $6 par, 500,000 shares authorized 55,000 shares issued and outstanding$330,000 Paid-in capital in excess of par - Common 440,000 $770,000 Retained earnings 1,400,000 Total Stockholders' Equity $2,170,000 On December 31, Year 1, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $22 per share.What is the dollar value of the stock dividend issued by Gilligan Corporation?
A. $108,500
B. $60,500
C. $44,000
D. $16,500
Answer: B
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Which of the following criteria is applicable with respect to determining when a variable interest entity (VIE) must be consolidated into the sponsoring firm's financial statements?
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In a fear appeal, showing the potential for a devastating injury when seat belts are not used is an example of:
A) cognition B) severity C) vulnerability D) self-efficacy
Which of the following is not a tool of systems analysts?
a. observation b. task participation c. audit reports d. personal interviews