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

question 10

Multiple Choice

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

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

Know the role and function of the trial balance in the accounting process.

Recognize the importance of posting and the potential effects of posting errors on financial statements.

Interpret financial data to make informed business decisions.

Understand the structure and member composition of the International Accounting Standards Board (IASB).

---

Definitions:

Independent Variable

A variable that is manipulated to determine if it causes any change to a dependent variable in an experiment.

Dependent Variable

The variable in an experiment or model that is expected to change in response to changes in the independent variable(s).

Scatterplot

A type of plot or mathematical diagram using Cartesian coordinates to display values for typically two variables for a set of data, showing the relationship between them.

Variables

Elements, characteristics, or conditions that can change or vary in a mathematical or statistical experiment.