The Equity Accounts of Bio-Tech Company Is as Follows

question 9

Multiple Choice

The equity accounts of Bio-Tech Company is as follows: Suppose the firm sells 2,000,000 new (additional) shares at a price of $20 per share. What is the new value of Common Shares account?

• A) 12,000,000
• B) 10,000,000
• C) 2,000,000
• D) None of the above

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Definitions:

Moral

Being related to principles of right and wrong behavior, moral often refers to the ethical judgments and actions considered acceptable by a society or individual.

Ethical

Relating to moral principles or the branch of knowledge dealing with these, often guiding conduct in personal and professional contexts.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors, thoughts, and patterns of social interaction.

Pleasure Principle

A concept in psychoanalytic theory that seeks immediate gratification of needs and desires without consideration for the moral or societal constraints.