Ethics relates only to the development of strategic thinking

Effectiveness refers to the relationship between inputs and outputs

What will be an ideal response?

Ducheyne Electric recently declared a 15 percent stock dividend. On the date of the stock dividend Ducheyne had 16 million shares outstanding priced at $46 per share in the market. An accounting entry was required on the balance sheet transferring some retained earnings to the common stock account. If retained earnings was $280 million prior to the transaction, what was the dollar amount of

retained earnings after the transfer? A) $280.0 million B) $110.4 million C) $234.0 million D) $277.6 million E) $169.6 million