Table 13-6
the Following Selected List of Accounts with Their

question 20

Multiple Choice

Table 13-6
The following selected list of accounts with their normal balances was taken from the general ledger of Gore Ltd. as of December 31, 2017:
$$\begin{array} {| l | r| } \hline \text { Cash } & \$ 199,000 \\\hline \text { Common shares, } 10,000 \text { shares authorized, } 5,000 \text { shares issued } & 265,000 \\\hline\text { Retained earnings }& 131,5000\\\hline \text { Cash dividends payable } &20,000 \\\hline \begin{array} { l } \text { Preferred shares, 500,000 shares authorized } 100,000 \text { shares } \\\text { issued }\end{array} & 800,000 \\\hline\end{array}$$
-Refer to Table 13-6.The average issue price of a common share was:

• A) $20.00
• B) $26.50
• C) $53.00
• D) $30.00

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Definitions:

Trespass

An unauthorized intrusion or entering onto someone else's property which infringes on the right of the owner.

Tort

A civil wrong that causes someone else to suffer loss or harm resulting in legal liability for the person who commits the tortious act.

Tortfeasor

One who commits a tort.

Tort

A civil wrong that causes someone else to suffer loss or harm, resulting in legal liability for the person who commits the act.