Green Apron,Inc

question 34

Multiple Choice

Green Apron,Inc.had the following transactions in 2017,its first year of operations:
• Issued 35,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $23.00 per share.
• Earned net income of $77,000.
• Paid no dividends.
At the end of 2017,what is the total amount of paid-in capital?

• A)$35,000
• B)$882,000
• C)$805,000
• D)$77,000

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Definitions:

Drainage Divide

The boundary between adjacent drainage basins.

Drainage Basin

The area of land drained by a river and its tributaries, also known as a watershed or catchment area.

High Ground

An area of elevated terrain that can provide strategic advantages, such as better visibility or defense, and is often sought after in military and construction contexts.

Tributaries

Streams or rivers that flow into a larger body of water, such as a larger river, lake, or ocean.