Use the Following Information to Answer Questions 55-56

question 161

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 of contributed surplus at December 31, 2020 is

• A) $ 0.
• B) $ 26,250.
• C) $ 153,750.
• D) $ 180,000.

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Definitions:

Socializing Children

The process by which children learn the norms, values, behaviors, and social skills appropriate to their society.

Parental Restrictions

Guidelines or rules set by parents to regulate children's behavior, often intended to protect the child's wellbeing and promote positive development.

Peer Rejection

A situation in which a child or adolescent is systematically excluded or ostracized by their peers.

Problematic Adjustment

Problematic adjustment refers to difficulties or challenges in adapting to new or changing circumstances, environments, or roles, often resulting in stress or dysfunction.