Belton,Inc

question 243

Multiple Choice

Belton,Inc.had the following transactions in 2018,its first year of operations: • Issued 33,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $24.00 per share.
• Earned net income of $73,000.
• Paid no dividends.
At the end of 2018,what is the total amount of paid-in capital?

• A) $33,000
• B) $865,000
• C) $792,000
• D) $73,000

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Definitions:

Mass Production

A manufacturing process characterized by the high-volume production of standardized goods using assembly line techniques.

Assembly-Line System

An efficient manufacturing process where a product is assembled step by step in a sequential manner by workers stationed at fixed positions.

Uniform Products

Goods that are produced to be identical in quality and performance, ensuring consistency across all units.

Global Economy

An interconnected marketplace where goods, services, and labor are exchanged on a worldwide scale.