Company X’ currently has 80,000 shares outstanding that are trading at OMR 8.400 per share. The company decides to declare 5% stock dividend. How many additional shares should be issued to distribute stock dividend and how much will be the issue price per share? a. 5,000 shares;OMR 8 per share b. 4,000 shares;OMR 8.400 per share c. 4,000 shares; OMR 8 per share d. 8,000 shares; OMR 8.400 per share Clear my choice
Company X’ currently has 80,000 shares outstanding that are trading at OMR 8.400 per share. The company decides to declare 5% stock dividend. How many additional shares should be issued to distribute stock dividend and how much will be the issue price per share? a. 5,000 shares;OMR 8 per share b. 4,000 shares;OMR 8.400 per share c. 4,000 shares; OMR 8 per share d. 8,000 shares; OMR 8.400 per share Clear my choice
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 12.1BE
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19-Company X’ currently has 80,000 shares outstanding that are trading at OMR 8.400 per share. The company decides to declare 5% stock dividend. How many additional shares should be issued to distribute stock dividend and how much will be the issue price per share?
a.
5,000 shares;OMR 8 per share
b.
4,000 shares;OMR 8.400 per share
c.
4,000 shares; OMR 8 per share
d.
8,000 shares; OMR 8.400 per share
Clear my choice
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