If a Company Issues 2,000 Shares for $55 and Then

question 19

Multiple Choice

If a company issues 2,000 shares for $55 and then repurchases 50 shares at $50, how much is in the account "contributed surplus on retirement of shares'?

• A)$250
• B)$2,750
• C)$107,250
• D)$110,000

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Definitions:

Dopamine

A neurotransmitter that plays a major role in reward-motivated behavior, as well as movement and emotional responses.

Reticular Formation

A network of neurons located in the brainstem involved in regulating arousal, consciousness, and the sleep-wake cycle.

White Noise

A consistent background noise that masks other sounds, often used to aid concentration or sleep.

Medulla

The base section of the brainstem involved in automatic functions such as breathing, heart rate, and blood pressure.