Berlin Corporation Was Organized on January 1, 2017, with 400,000

question 48

Multiple Choice

Berlin Corporation was organized on January 1, 2017, with 400,000 no par value common shares authorized.During 2017, the corporation had the following share transactions:
Jan 5 Issued 150,000 shares at $10 per share
Apr 6 Issued 50,000 shares at $12 per share
Jun 8 Issued 50,000 shares at $14 per share
Jul 28 Purchased 20,000 shares at $11 per share and cancelled them
Dec 31 Issued 20,000 shares at $18 per share
What is the total amount of contributed surplus at December 31, 2017?

• A)$ 0
• B)$ 4,000
• C)$ 20,000
• D)$220,000

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Definitions:

Sensorimotor Stage

The sensorimotor stage is the first of Jean Piaget's stages of cognitive development, where infants learn about the world primarily through their senses and motor actions.

Hidden Toy

Refers to experiments or tasks designed to test object permanence, the understanding that objects continue to exist even when they cannot be seen.

Neural Circuits

Networks of interconnected neurons that process specific types of information and are responsible for executing bodily functions and behaviors.

Activated

In a state of being turned on or made functional; often referring to biochemical or neural pathways.