If 10,000 Shares of $2 Par Value Common Stock Are

question 7

Multiple Choice

If 10,000 shares of $2 par value common stock are issued for $10 per share,then additional paid-in capital will increase by ________.

• A)$120,000
• B)$100,000
• C)$80,000
• D)$20,000

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Definitions:

West Indies

A region in the Caribbean Sea consisting of numerous islands that were crucial during the colonial period for their agricultural production, especially sugar.

Indentured Servants

Individuals who agreed to work for a certain period in exchange for transportation to the New World, living expenses, and sometimes land at the end of their service, a common practice in the American colonies.

Pennsylvania Colony

The Pennsylvania Colony was one of the original thirteen colonies in North America, founded in 1681 by William Penn as a haven for persecuted Quakers and others seeking religious freedom.

Indian Slave Trade

The historical trade of indigenous peoples of the Americas as slaves, particularly prevalent during the colonial and early post-colonial periods in various regions.