On January 1,2017,Automatic Train Corporation Had 30,000 Common Shares Outstanding

question 96

Multiple Choice

On January 1,2017,Automatic Train Corporation had 30,000 common shares outstanding issued at $10 each.On June 1,2017,Automatic Train Corporation issued 12,000 shares of its common shares at $15 per share.On November 30,2017,Automatic Train Corporation repurchased 3,000 shares of its common shares for $17 per share.The balance in Common shares on December 31,2017,as shown on the statement of shareholders' equity,is:

• A) $429,000
• B) $445,200
• C) $445,714
• D) $480,000

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Definitions:

Resting Potential

The electrical potential of a neuron when it is not actively sending a signal, representing a state of readiness.

Synaptic Gaps

Small spaces between neurons where neurotransmitters are released to transmit signals from one neuron to another.

Neurotransmitter Receptor Sites

Specific locations on the surface of neurons that are designed to receive and respond to chemical messengers known as neurotransmitters.

Axon Terminals

The distal terminations of the branches of an axon, responsible for releasing neurotransmitters into the synapse to communicate with other neurons.