If 10,000 Shares with Par Value of $15/share Are Issued

question 47

Multiple Choice

If 10,000 shares with par value of $15/share are issued for $20/share,how much will be presented as "contributed capital" for financial statement purposes?

• A)$10,000
• B)$50,000
• C)$150,000
• D)$200,000

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Definitions:

Humanistic

Relating to or supporting the principles of humanism, a psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Locus of Control

is a psychological concept that refers to how strongly people believe they have control over the situations and experiences that affect their lives.

Introverted Personality

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation, often preferring solitude or quiet environments.

Extraverted Personality

A personality trait characterized by outward-turning feelings and behavior, with a preference for social interaction and excitement.