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:

Erotophobic

Refers to an irrational fear of or strong aversion to sexuality or sexual matters.

Masturbate

The act of self-stimulation of one's own genitals for the purpose of sexual pleasure.

Orgasm

The climax of sexual excitement, characterized by intensely pleasurable feelings centered in the genitals and, in some cases, other parts of the body.