Holden Bicycles Has 2,000 Shares Outstanding Each with a Par

question 14

Multiple Choice

Holden Bicycles has 2,000 shares outstanding each with a par value of $0.50. If they are sold to shareholders at $12 each,what would the capital surplus be?

• A) $1,000
• B) $12,000
• C) $15,000
• D) $23,000
• E) $24,000

---

Definitions:

Population Variances

The variance calculated for a set of values that represents an entire population, providing a measure of its overall spread.

Equal

Having the same quantity, measure, or value as another.

Population

In statistics, the complete set of items or individuals considered for a survey or study.

Population Standard Deviation

A measure of the dispersion of all values in the entire population from the mean of the population.