Mesquite,Inc

question 18

Multiple Choice

Mesquite,Inc.engaged in the following transactions during October:
-What is the amount of cash still to be paid?

• A)$2,300
• B)$2,100
• C)$1,300
• D)$400

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Definitions:

Common Stock

Represents ownership shares in a corporation, giving shareholders voting rights and a claim on a portion of the company's profits through dividends.

Market Price

The market price is the current price at which an asset or service can be bought or sold in a open market.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout, increasing the number of shares owned.

Par Common Stock

Common stock issued with a nominal value expressed in the corporate charter, which represents the stock's legal capital per share.