Comanic Corp

question 185

Multiple Choice

Comanic Corp. has common stock of $5400000 retained earnings of $2000000 unrealized gains on trading securities of $100000 and unrealized losses on available-for-sale securities of $200000. What is the total amount of its stockholders' equity?

• A) $7200000
• B) $7400000
• C) $7300000
• D) $7500000

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Definitions:

Transferable

A feature of an asset or financial instrument that allows it to be transferred or sold from one party to another without restriction.

Nonprofit Corporation

An organization established for purposes other than making a profit, such as charitable, educational, or cultural.

Members

Individuals who are formally part of an organization, group, or body, often with specific rights and responsibilities.

Right of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something before the owner is entitled to enter into that transaction with a third party.