Holden Bicycles Has 2,000 Shares Outstanding Each with a Par

question 14

Multiple Choice

Holden Bicycles has 2,000 shares outstanding each with a par value of $0.50. If they are sold to shareholders at $12 each,what would the capital surplus be?

• A) $1,000
• B) $12,000
• C) $15,000
• D) $23,000
• E) $24,000

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Definitions:

Mind

The set of cognitive faculties that enables consciousness, perception, thinking, judgement, and memory.

Positive Psychology

A branch of psychology that focuses on the study and enhancement of positive human functioning, happiness, well-being, and flourishing.

Martin Seligman

A psychologist known for his work on positive psychology, learned helplessness, and theories of happiness and well-being.

Development

The process of growth or progress, typically involving physical, psychological, or intellectual advancement or evolution.