Green Apron,Inc

question 34

Multiple Choice

Green Apron,Inc.had the following transactions in 2017,its first year of operations:
• Issued 35,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $23.00 per share.
• Earned net income of $77,000.
• Paid no dividends.
At the end of 2017,what is the total amount of paid-in capital?

• A)$35,000
• B)$882,000
• C)$805,000
• D)$77,000

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Definitions:

Chi-Squared Test

A statistical test used to examine differences between categorical variables in a contingency table, testing for independence or goodness of fit.

Nominal Variables

Variables that represent categories with no inherent order or rank among them.

Test Statistic

A figure derived from data within a sample during an empiric test, employed to determine the necessity of dismissing the null hypothesis.

Seat Belts

Equipment installed in vehicles to shield individuals from injurious motion during crashes or sudden stops.