Use the Following Information for Questions

question 48

Multiple Choice

Use the following information for questions.
Galba Corp.'s shareholders' equity at January 1, 2020 was:
Common shares, no par value; authorized 200,000 shares; During 2020, Galba had the following share transactions:
Acquired 2,000 treasury shares for $ 30,000
Sold 1,200 treasury shares at $ 19 a share
Retired the remaining treasury shares
No other share transactions occurred during 2020.
-The total contributed surplus at December 31, 2020 is

• A) $ 24,800.
• B) $ 4,800.
• C) $ 4,000.
• D) $ 0.

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Definitions:

Remote Employees

Individuals who are part of an organization's workforce but operate from a non-centralized location, leveraging technology to complete their tasks.

Work Quality

The standard of outputs and outcomes produced by an individual's or team's efforts in a professional context.

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The skills, strengths, and personal attributes that an individual brings to a task or job.

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