Use the Following Information to Answer Questions 55-56

question 135

Multiple Choice

Use the following information to answer questions 55-56.
Berne Ltd. was organized on January 1, 2020, with 300,000 no par value common shares authorized. During 2020, the corporation had the following share transactions:
Jan 4 Issued 120,000 shares at $ 10 per share
Mar 8 Issued 40,000 shares at $ 11 per share
May 17 Purchased 15,000 shares at $ 12 per share and cancelled them
Jul 6 Issued 30,000 shares at $ 13 per share
Aug 27 Issued 10,000 shares at $ 14 per share
-The total amount in the Common Shares account at December 31, 2020 is

• A) $ 2,170,000.
• B) $ 2,016,250.
• C) $ 2,007,250.
• D) $ 1,990,000.

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Definitions:

Shaping

The process of reinforcing successive approximations of a desired behavior to teach new behaviors.

Classical Conditioning

A learning process wherein a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.

Negative Reinforcement

A behavior modification method that involves the removal of an unpleasant stimulus to increase the likelihood of a desired behavior.

Cumulative Record

A continuous record that shows the total number of times a response occurs in a given time period.