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

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Definitions:

Decisional Roles

Refers to the specific responsibilities and duties of managers in making choices and decisions that affect the organization and its stakeholders.

Management Function

Activities involved in the planning, organizing, leading, and controlling of an organization's resources to achieve its objectives.

Fruit Spreads

A food product made by cooking fruit with sugar until it becomes thick, used as a topping or filling.

Organic

can refer to substances derived from living organisms, practices in farming without synthetic chemicals, or structures that develop naturally without strict planning.