If 100 Million Shares of Common Stock Are Issued with a Par

question 3

Multiple Choice

If 100 million shares of common stock are issued with a par value of $2 and additional paid-in capital of $800 million,the total par value of the issued shares is:

• A) $200 million.
• B) $600 million.
• C) $800 million.
• D) $1 billion.

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Definitions:

Seventeenth Amendment

An amendment to the U.S. Constitution, ratified in 1913, that established the direct election of U.S. senators by popular vote, replacing their previous selection by state legislatures.

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