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Duke Corporation Reports the Following Components of Stockholders' Equity on December

question 177

Multiple Choice

Duke Corporation reports the following components of stockholders' equity on December 31, 2013: $\begin{array}{lr}\text { Common stock — } \$ 25 \text { par value, } 100,000 \text { shares authorized, 45,000 shares issued } & \$ 1,125,000 \\\text { and outstanding } \\\text { Paid-in capital in excess of par value, common stock } & 60,000\\\text { Retained earnings } & 460,000 \\\text { Total stockholders' equity }& \$ 1,645,000\end{array}$
$Duke Corporation reports the following components of stockholders' equity on December 31, 2013: \begin{array}{lr} \text { Common stock — } \$ 25 \text { par value, } 100,000 \text { shares authorized, 45,000 shares issued } & \$ 1,125,000 \\ \text { and outstanding } \\ \text { Paid-in capital in excess of par value, common stock } & 60,000\\ \text { Retained earnings } & 460,000 \\ \text { Total stockholders' equity }& \$ 1,645,000 \end{array} What is the amount in the Retained Earnings account immediately after the May 25 sale? A) $460,000 B) $328,500 C) $444,000 D) $433,000 E) $338,500$ What is the amount in the Retained Earnings account immediately after the May 25 sale?

Definitions:

Male Hypoactive Sexual Desire Disorder

A male dysfunction marked by a persistent reduction or lack of interest in sex and hence a low level of sexual activity.

Female Sexual Interest/Arousal Disorder

A female dysfunction marked by a persistent reduction or lack of interest in sex and low sexual activity, as well as, in some cases, limited excitement and few sexual sensations during sexual activity.

Biological Causes

Factors of a biological nature, including genetic, neurological, or physical conditions, that lead to certain behaviors or diseases.

Nocturnal Penile Erections

Spontaneous erections of the penis during sleep or when waking up, also known as "morning wood."