A Company Issued 600 Shares of $50 Par Value Stock

question 58

Multiple Choice

A company issued 600 shares of $50 par value stock for $45,000.The total amount of contributed capital is:

• A)$30,000.
• B)$15,000.
• C)$45,000.
• D)$50.

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Definitions:

Increase in Demand

A situation where more consumers are willing to purchase a product at a given price, often due to changes in income, tastes, or the price of related goods.

Decrease in Demand

A decrease in demand refers to a fall in the quantity of a product that consumers are willing and able to purchase at various prices, typically leading to a downward shift in the demand curve.

Peanut-Growing South

Refers to regions in the Southern United States that are prominent in the cultivation and production of peanuts.

Major Hurricane

A hurricane classified as Category 3 or higher on the Saffir-Simpson scale, characterized by wind speeds of 111 mph or higher.