Moretown Company Had the Following Transactions in 2015, Its First

question 19

Multiple Choice

Moretown Company had the following transactions in 2015, its first year of operations. • Issued 30,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $18.00 per share.
• Earned net income of $70,000.
• Paid no dividends.
At the end of 2015, what is the total amount of paid-in capital?

• A)$30,000
• B)$610,000
• C)$540,000
• D)$70,000

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Definitions:

Rape Culture

Systemic attitudes reflected in victim blaming that minimize, ignore, and normalize sexual violence against women.

Victim Blaming

Suggesting that women invite sexual violence or deserve to be sexually assaulted because they dress or behave in ways that are considered to be sexually suggestive or inviting.

Gender Inequality

A societal condition where rights, duties, opportunities, and privileges differ significantly between genders, often favoring one gender over another.

Intimate Relationships

Close, personal relationships that involve emotional or physical intimacy.