Winshare Art Company Has Issued Only Common Stock

question 106

Multiple Choice

Winshare Art Company has issued only common stock. Currently it has 10,000 shares outstanding. The value of the stock is shown as $20 per share. In addition, $100,000 of Winshare's earnings have been reinvested in the business since it was founded. What is Winshare's total owners' equity?

• A) $300,000
• B) $200,000
• C) $100,000
• D) $2,000,000
• E) $100,020

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Definitions:

Liquidated

Refers to the process of converting assets into cash or using them to pay off liabilities, often in the context of dissolving a business or settling debts.