On december 31, 2020, merlin company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferred stock (par $10). on february 28, 2021, the preferred stock was convertible into 30,000 shares of common stock. merlin issued an additional 36,000 shares of common stock. a 10% stock dividend was declared and distributed on july 1, 2021. on september 1, 2021, 9,000 shares were retired. at year-end, there were fully vested incentive stock options outstanding for 30,000 shares of common stock (adjusted for the stock dividend). the exercise price was $18. the market price of the common stock averaged $20 during the year. also outstanding were $1,000,000 face amount of 10% convertible bonds issued in 2018 and convertible into 50,000 common shares (adjusted for the stock dividend). net income was $900,000. the tax rate for the year was 25%.
<span> The sentence which stands as an example of an inciting incident in American Born Chinese is: B. The guard won't let the Monkey King into the party because he is a monkey.An inciting incident is a definite point, an event of a plot which leads to a particular conflict and makes an emphasis on it. The moment of 'monkey discrimination' is the most effective plotline that moves the story forward while keeping the reader engaged, so the answer is B.<span>
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It means that teeth are very helpful because they help you chew your food so therefore we can digest it and maintain good health
