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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:

Lung Cancer

A type of cancer that begins in the lungs and is often associated with smoking, characterized by uncontrolled cell growth in lung tissue.

Smoking Rates

The prevalence or incidence of tobacco smoking in a population, often measured as the percentage of individuals who smoke.

Lung Cancer Deaths

Fatal outcomes resulting from lung cancer, a type of cancer that begins in the lungs and is often associated with smoking.

Negative Reinforcing

A behavior modification process where the removal of an unpleasant stimulus strengthens a behavior.