The Balance in Common Shares on January 1, 2013, and December

question 118

Multiple Choice

The balance in Common Shares on January 1, 2013, and December 31, 2013, is respectively $145,000 and $172,500. During the year, $57,000 repurchase of shares was recorded. During the year, shares were issued. The proceeds from the issue of shares amounted to:

• A) $29,500
• B) $64,500
• C) $84,500
• D) $260,500

---

Definitions:

Shortage

A situation where the demand for a product exceeds the supply of that product, often leading to a temporary unavailability.

Excess Demand

A situation where the quantity demanded of a good or service exceeds the quantity supplied at the current price.

Shortage

A situation in a market where the demand for a product exceeds the supply, resulting in a lack of enough goods to satisfy consumer demand.

Surplus

Occurs when the quantity of a good or service supplied exceeds the quantity demanded, often resulting in a decrease in price.