Mendes Charters Reported the Following Information at December 31,2017: Mendes

question 159

Multiple Choice

Mendes Charters reported the following information at December 31,2017: Mendes' total contributed capital is
$\begin{array}{lr}\text { Preferred stock } \$ 100 \text { par, } 500 \text { shares authorized, and outstanding; }\\\text { cumulative; nonp articipating; call able at par value } & \$ 50,000 \\\text { Common stock } \$ 12 \text { par, } 50,000 \text { shares authorized and outstanding } & 600,000 \\\text { Additional paid-in capital—common } & 25,000 \\\text { Retzined earnings } & 825,000\end{array}$

• A)$650,000.
• B)$675,000.
• C)$1,500,000.
• D)$625,000.

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Definitions:

Estrogen

A group of steroid hormones that play an important role in the regulation of female reproductive cycles and secondary sexual characteristics.

Temporary Endocrine Gland

A gland that appears only during certain periods of life and secretes hormones, such as the corpus luteum in females.

Corpus Luteum

A temporary endocrine structure in female ovaries that is involved in the production of hormones, estrogen, and progesterone after ovulation.

Pituitary

A small, pea-sized gland located at the base of the brain, crucial for controlling various hormones that regulate growth, metabolism, and reproductive functions.