Overton Company Had the Following Transactions in 2013,its First Year $\$ 30.00$

question 156

Multiple Choice

Overton Company had the following transactions in 2013,its first year of operations. -Issued 5,000 common shares at $\$ 30.00$ per share
- Earned net income of $\$ 200,000$ .
- Paid dividends of $\$ 5.00$ per share. At the end of 2013,how much is the total contributed capital?

• A) $150,000
• B) $325,000
• C) $175,000
• D) $200,000

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Definitions:

Aerobic Respiration

The process by which cells convert glucose and oxygen into energy, carbon dioxide, and water.

Chemical Pathway

A series of chemical reactions occurring within a cell that lead to the production of a certain substance or a change in the cell.

Anaerobic Respiration

Anaerobic respiration is a process by which cells produce energy without the need for oxygen, through fermentation or other means.

Aerobic Respiration

The process of producing cellular energy involving oxygen.