Which of the following would provide funds for investment for Acme Corporation?
A) Sam receives 1000 shares of stock in Acme Corporation from his Aunt Lulu.
B) Acme Corporation issues 100,000 shares of new stock on July 1, 2008. Sam buys 1000 shares.
C) Donald Bigg, a major investor, buys 10,000 shares of stock from Leona Small, another investor, who uses the funds to buy a retirement condo in Florida.
D) Acme Corporation declares a dividend of $1.25 per share.
Correct Answer:
Verified
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