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Jennifer Schwab is an investor in The Handy Man Pro Shops. On January 1, she purchased 225 shares of stock at a price of $15 per share. On October 15, the company distributed dividends of $1.00 per share.
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Jennifer Schwab is an investor in The Handy Man Pro Shops. On January 1, she purchased 225 shares of stock at a price of $15 per share. On October 15, the company distributed dividends of $1.00 per share. On December 31, the stock is selling for $25 per share. Assuming no other stock was issued, which of the following is the value of this stock on the company's balance sheet on December 31?

A. $5,265
B. $6,975
C. $3,375
D. $5,850

User ITwenty
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1 Answer

11 votes

Answer:

C. $3,375

Step-by-step explanation:

Calculation for the value of this stock on the company's balance sheet on December 31

Stock value= 225 shares* $15 per share

Stock value=$3,375

Therefore the value of this stock on the company's balance sheet on December 31 will be $3,375

User Ameer Deen
by
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