Lerner,Inc

question 84

Multiple Choice

Lerner,Inc.had the following transactions in 2017,its first year of operations:
• Issued 25,000 shares of common stock.The stock has a par value of $2.00 per share and was issued at $14.00 per share.
• Issued 1,700 shares of $150 par value preferred stock at par.
• Earned net income of $36,000.
• Paid no dividends.
At the end of 2017,what is total stockholders' equity?

• A)$641,000
• B)$305,000
• C)$300,000
• D)$605,000

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Definitions:

Major Patterns

Significantly recurring themes or trends in social, natural, or abstract systems.

Symbolic Interactionism

A sociological perspective focusing on how individuals interpret and give meaning to their social world through symbols and interactions.

Subjective Meanings

The personal or individual interpretations and perceptions of reality, which can differ significantly from one person to another.

Class Conflict

The struggle between classes to resist and overcome the opposition of other classes.