Assume That Retained Earnings Had a Beginning Balance of $75,000

question 44

Multiple Choice

Assume that retained earnings had a beginning balance of $75,000. Match the following amounts to the appropriate term (a-h) .
-Treasury Stock = Number of Common Stock Purchased × Purchase Price of Common Stock = 1,000 × $15 = $15,000

• A)Treasury stock
• B)Retained earnings
• C)Preferred stock
• D)Excess of issue price over par (preferred)
• E)Common stock
• F)Total paid-in capital
• G)Excess of issue price over par (common)
• H)Total stockholders' equity

---

Definitions:

Drilling

The act of repeated practice or intense study, often used in educational or training contexts to instill knowledge or skills into memory through repetition.

Moral Actions

Actions that are evaluated as right or wrong based on ethical principles or societal norms.

Degree

A unit of measurement of angles or a level of achievement in education, often conferred by a university or college as evidence of completion of a course of study.

Intent

A determined purpose or aim; the intention behind an action.