A Student Owned the Following Shares of Stock: Microsoft, 222;

question 18

Multiple Choice

A student owned the following shares of stock: Microsoft, 222; GE, 192; and Verizon, 395. How many shares did the student own?

• A) 810
• B) 809
• C) 799
• D) 414
• E) 819

---

Definitions:

Income Tax Payable

The amount of income tax that a company or individual owes to the government but has not yet paid.

Income Tax Expense

The cost incurred by businesses and individuals due to earnings taxed by federal, state, and local governments.

Short-Term Note Payable

A debt obligation that is due within one year or less, typically used for working capital needs or to finance short-term liquidity requirements.

Specified Amount

This term refers to a particular or agreed-upon sum of money in various financial contexts.