At December 31, Year 1, Adam Corporation Has 5,000 Shares

question 78

Multiple Choice

At December 31, Year 1, Adam Corporation has 5,000 shares of par value common stock, additional paid-in capital of $25,000, total shareholders' equity of $80,000, and retained earnings of $45,000.What is the par value per share?

• A)$1.00
• B)$1.50
• C)$2.00
• D)$2.50
• E)$3.00

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Definitions:

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of the linear relationship between two variables on a scatter plot.

Wet Mount

A technique for preparing specimens on a microscope slide using a drop of liquid to keep the sample alive or to enhance optical properties.

Iris Diaphragm

A component of optical devices, such as microscopes and cameras, that can adjust the size of the aperture to control the amount of light that passes through the lens.

Oil Immersion

A technique used in microscopy where an oil with a refractive index close to that of glass is placed between the specimen and the objective lens to increase resolution.