Lerner,Inc

question 84

Multiple Choice

Lerner,Inc.had the following transactions in 2017,its first year of operations:
• Issued 25,000 shares of common stock.The stock has a par value of $2.00 per share and was issued at $14.00 per share.
• Issued 1,700 shares of $150 par value preferred stock at par.
• Earned net income of $36,000.
• Paid no dividends.
At the end of 2017,what is total stockholders' equity?

• A)$641,000
• B)$305,000
• C)$300,000
• D)$605,000

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Definitions:

Career Objectives

Statements outlining an individual's professional goals and aspirations, often included in resumes or job application materials to convey the types of roles and industries of interest.

Inaccuracies

Errors or deviations from truth or correctness in details.

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The process of verifying the accuracy of an individual's claimed identities and histories, often employed before hiring or admissions.

Prospective Employer

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