If 10,000 Shares with Par Value of $15/share Are Issued

question 10

Multiple Choice

If 10,000 shares with par value of $15/share are issued for $20/share,how much will be presented as "contributed surplus" for financial statement purposes?

• A)$10,000
• B)$50,000
• C)$150,000
• D)$200,000

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Definitions:

Glycolysis

The metabolic pathway that breaks down glucose into pyruvate, producing ATP and NADH, happening in the cell's cytoplasm.

ATP

Adenosine triphosphate, a molecule that carries energy within cells, used as a primary energy source for cellular processes.

ADP

Adenosine diphosphate, a molecule involved in energy transfer within cells.

Alcoholic Fermentation

A biological process in which sugars such as glucose, fructose, and sucrose are converted into cellular energy, producing ethanol and carbon dioxide as by-products.