Tangshan Mining Has Common Stock at Par of $200,000, Paid-In

question 61

Multiple Choice

Tangshan Mining has common stock at par of $200,000, paid-in capital in excess of par of $400,000, and retained earnings of $280,000. In states where the firm's legal capital is defined as the par value of common stock, the firm could pay out ________ in cash dividends without impairing its capital.

• A) $200,000
• B) $680,000
• C) $600,000
• D) $880,000

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Definitions:

Control Components

Elements in an electrical system used to regulate and guide the operation of machinery or circuits.

Pilot Devices

Controls or indicators used in a circuit to monitor, operate, or control the functioning of machinery or equipment.

Two-wire Control

A control circuit configuration using two wires to connect the control element, typically for simple on/off operations.

No-voltage Drop-out

A feature in electrical control circuits that causes the device to trip or shut off when the supply voltage falls below a certain level, enhancing safety.