Lerner Company Had the Following Transactions in 2015, Its First

question 143

Multiple Choice

Lerner Company had the following transactions in 2015, its first year of operations. • Issued 20,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $14.00 per share.
• Issued 1,000 shares of $100 par value preferred stock. Shares were issued at par.
• Earned net income of $35,000.
• Paid no dividends.
At the end of 2015, what is the total amount of paid-in capital?

• A)$415,000
• B)$120,000
• C)$280,000
• D)$380,000

Identify and mitigate communication barriers in cross-cultural interactions.

Recognize the importance of listening in leadership and management.

Apply communication strategies to appear more powerful and persuasive.

Explore the role of linguistic style in personal and professional communication.

---

Definitions:

United States

A country in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Germany

A country in Central Europe, known for its rich history, culture, and significant contributions to the fields of science, technology, and economy.

Import Substitution

An economic strategy aimed at reducing foreign dependency by local production of industrialized products.

Local Industries

Economic activities or sectors focused on producing goods or services predominantly catered to the domestic or regional market.