The Shareholders' Equity Section of Samuels Company Were Reported on the Balance

question 93

Multiple Choice

The shareholders' equity section of Samuels Company were reported on the balance sheets for December 31:
$$\begin{array} { | l | r | r | } \hline &{ \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 6 } } \\\hline \text { Preferred stock (9\%, } \$ 50 \text { par value) } & \$ 200,000 & \$ 120,000 \\\hline \begin{array} { l } \text { Common stock (\$10 par value, } 750,000\text { shares} \\\text { autharized, } 54,000 \text { issued and } 5,000\text { held in} \\\text { treasury) }\end{array} & 540,000 &3 9 6 , 0 0 0 \\\hline \text { Additianal paid-in capital: } & & \\\hline \text { Preferred stock } &155,000 &5 5 , 0 0 0 \\\hline \text { Camman stock } & 3 3 6 , 0 0 0 & 30 0 , 0 0 0 \\\hline \text { Retained earnings } &575,000&495,000\\\hline \text { Less: Treasury stack } & \underline{(110,000) }& ---- \\\hline \text { Total sharehalders' equity } & \underline{\$ 1,696,000 } & \underline{\$1,366,000} \\\hline\end{array}$$
Based on this information, how many shares of common stock were issued in 2017 and what was the average issue price?

• A)21,000 shares and $7.82 per share
• B)30,000 share and $6.00 per share
• C)85,000 shares and $9.73 per share
• D)24,000 shares and $7.50 per share

Assess the impact of fiscal policy on equilibrium output, employment levels, and price levels.

Analyze the relationship between fiscal policy, aggregate demand, and aggregate supply curves.

Explain the significance of government budget deficits and surpluses on the national economy.

Examine the implications of changes in government spending and taxation on the economic equilibrium.

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Definitions:

Point D

A reference to a specific point on a graph or chart, often used to denote a particular set of conditions or coordinates in economic analysis.

Available Option

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Price

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Hamburger

A popular food item consisting of a cooked patty of ground meat, typically beef, placed inside a sliced bread roll or bun.