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

question 47

Multiple Choice

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

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

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Definitions:

Time-Driven Activity-Based Costing

A cost accounting method that assigns costs to products or services based on the actual time spent on activities necessary for production or service delivery.

Order Fulfillment Department

A division within a company that is responsible for processing customer orders, from receipt through delivery.

Matching Capacity

The ability of a company to align its production capacity with the demand for its products.

Impact on Expenses

The effect on a company's costs, often analyzed to assess changes in financial performance.