Castle,Inc

question 146

Multiple Choice

Castle,Inc.had the following transactions in 2017,its first year of operations: • Issued 20,000 shares of common stock.The stock has a par value of $3.00 per share and was issued at $19.00 per share.
• Issued 2,000 shares of $200 par value preferred stock at par.
• Earned net income of $40,000.
• Paid no dividends.
At the end of 2017,what is the total amount of paid-in capital?

• A)$820,000
• B)$460,000
• C)$380,000
• D)$780,000

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Definitions:

Chi-square Statistic

A measure used in statistics that compares observed frequencies with expected frequencies to determine if there are significant differences.

Critical Value

A threshold value that delineates the boundary of the rejection region in statistical hypothesis testing.

Degrees Of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution, impacting the calculation of a test statistic.

Expected Frequency

The theoretical frequency of an event or outcome calculated under a specific hypothesis for comparison with observed frequencies.