Use the Following Information to Answer Questions Prague Corp

question 39

Multiple Choice

Use the following information to answer questions Prague Corp.is authorized to issue 400,000 no par value common shares.Subscribers agree to purchase shares at $15 per share with a 30% down payment.
-Presented below is information related to Madrid Corporation: The total amount that will be added to the Common Shares account when the final subscriptions are received will be

• A)$120,000.
• B)$240,000.
• C)$360,000.
• D)cannot be determined from the information given.

---

Definitions:

Calcitonin

A hormone produced by the thyroid gland that helps regulate calcium levels in the blood by inhibiting bone resorption.

Glucagon

A substance secreted by the pancreas which increases blood sugar levels by encouraging the liver to break down glycogen and release glucose.

Uterine Contractions

The tightening and relaxing of the uterine muscles, important in childbirth and menstruation.

Oxytocin

A hormone and neurotransmitter involved in childbirth, lactation, and social bonding, produced in the hypothalamus and released by the pituitary gland.