At December 31, Year 1, Bolton Corporation Has Par Value

question 35

Multiple Choice

At December 31, Year 1, Bolton Corporation has par value common stock with a par value of $1.50 per share, Additional paid-in capital of $60,000, total shareholders' equity of $100,000, and retained earnings of $25,000.What is the number of common stock shares?

• A)5,000
• B)10,000
• C)15,000
• D)20,000
• E)25,000