Cerner Corporation Began Business by Issuing 250,000 Shares of $5

question 14

Multiple Choice

Cerner Corporation began business by issuing 250,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $50,000. The year-end balance sheet would show

• A) Common Stock of $1,250,000.
• B) Common Stock of $6,000,000.
• C) total paid-in capital of $5,950,000.
• D) total paid-in capital of $4,750,000.

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Unlikely Viewer

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Probability

The measure of the chance that a certain event will occur, expressed as a number between 0 and 1.

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A playing card that depicts a person with royal or social significance, including kings, queens, and jacks in a standard deck of cards.

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