If 10,000 Shares with Par Value of $15/share Are Issued

question 70

Multiple Choice

If 10,000 shares with par value of $15/share are issued for $20/share,how much will be presented as "common shares" for financial statement purposes?

• A)$10,000
• B)$50,000
• C)$150,000
• D)$200,000

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Definitions:

Surface Structure

In linguistics, the superficial appearance or syntax of a sentence, as opposed to the deeper, underlying meaning.

Flexibility

The quality of being adaptable or variable, referring to the ability to adjust to new conditions or the capacity of being bent or stretched.

Human Language

A complex system of communication unique to humans, allowing for the expression and understanding of thoughts, feelings, and concepts through spoken, written, or signed forms.

Common Chimpanzees

A species of great ape known for its intelligence and social behaviors, native to the forests and savannahs of Africa.