Moretown,Inc

question 196

Multiple Choice

Moretown,Inc.had the following transactions in 2017,its first year of operations: • Issued 31,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $20.00 per share.
• Earned net income of $70,000.
• Paid no dividends.
At the end of 2017,what is total stockholders' equity?

• A)$31,000
• B)$690,000
• C)$620,000
• D)$70,000

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Definitions:

Error

A discrepancy between a computed or measured value and the true value.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation.

F-Test Statistic

A type of statistical test used to compare the variances of two populations or to test the significance of regression coefficients in a linear regression model.

Sum Of Squares

A statistical technique used to measure the variation or deviation of a set of values from the mean of those values.