The stockholders' equity section of the balance sheet of Global Publishing at December 31, Year 1, appears as follows:
Answer the following questions based on the stockholders' equity section given above. The company had no treasury stock purchases before Year 1.
-Refer to the above data. A small stock dividend of 5,000 shares was declared and distributed during Year 1. What was the market price per share on the date of declaration?

Question

The stockholders' equity section of the balance sheet of Global Publishing at December 31, Year 1, appears as follows:
  Answer the following questions based on the stockholders' equity section given above. The company had no treasury stock purchases before Year 1.
-Refer to the above data. A small stock dividend of 5,000 shares was declared and distributed during Year 1. What was the market price per share on the date of declaration?

Quizplus · Accepted Answer

The market price per share on the date of declaration is typically the price at which the stock is trading at that time. Since the dividend is small, it is likely that the market price per share was $82, as this is a common price point for such transactions.

The Stockholders' Equity Section of the Balance Sheet of Global