Moretown,Inc

question 179

Multiple Choice

Moretown,Inc.had the following transactions in 2017,its first year of operations:
• Issued 32,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $28.00 per share.
• Earned net income of $80,000.
• Paid no dividends.
At the end of 2017,what is total stockholders' equity?

• A)$32,000
• B)$976,000
• C)$896,000
• D)$80,000

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Definitions:

Extramarital Affair

A sexual relationship or a romantic friendship or passionate attachment between two people, one or both of whom is married to someone else.

Husbands

Married men, especially when considered in relation to their partners in marriage.

Teenage Males

Young males typically within the age range of 13 to 19 years, navigating the period of adolescence.

Teenage Females

Young women typically aged between 13 and 19 years old.