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Liula [17]
3 years ago
7

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
Business
1 answer:
Tju [1.3M]3 years ago
5 0

Answer:

C. $3,375

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

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Answer:

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These are the options for the question

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