James Yachts Has 2,000 Shares Outstanding Each with a Par

question 2

Multiple Choice

James Yachts has 2,000 shares outstanding each with a par value of $0.07. If they are sold to shareholders at $7 each,what would the capital surplus be?

• A) $10,000
• B) $12,140
• C) $13,250
• D) $13.860
• E) $14,000

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Definitions:

Human Resource Management

The strategic approach to the effective management of people in a company or organization to help their business gain a competitive advantage.

Employee Selection

The process of evaluating and choosing individuals to fill job vacancies in an organization through various assessment methods.

Human Capital Perspective

A view that considers employees as assets whose value can be enhanced through investment in education, training, and development.

Productivity Resource

An asset, tool, or factor that can be utilized to enhance the efficiency or output of work processes.