Wendell Company Provided the Following Pertaining to Its Accounting Year

question 108

Multiple Choice

Wendell Company provided the following pertaining to its accounting year that ended December 31,2019: • Common stock with a $10,000 par value was sold for $50,000 cash
• Cash dividends totaling $20,000 were declared,of which $15,000 were paid
• Net income was $70,000
• A 5% stock dividend resulted in a common stock distribution,which had a $5,000 par value and a $23,000 market value
• Treasury stock repurchased in a prior year for $9,000 was resold for $7,000 and in the journal entry to record the sale,Additional paid-in capital was debited for the amount of the difference between the repurchase price and the resale price
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What is the amount of increase in Wendell's common stock account during the year 2019?

• A)$15,000.
• B)$13,000.
• C)$24,000.
• D)$17,000.

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Definitions:

Sexual Orientation

A person's emotional, romantic, or sexual attraction to others, often categorized as heterosexual, homosexual, bisexual, asexual, etc.

Psychological Research

The scientific study of mental functions and behaviors aimed at understanding individuals and groups.

Alfred Kinsey

A biologist and sexologist known for his research into human sexuality and for developing the Kinsey scale, which measures sexual orientation.

Sexual Attitudes

Beliefs, feelings, and values regarding sexuality, sexual behavior, and sexual orientations.