Shore and Gardiner Each Own 10,000 S&G Corporation $12 Par

question 23

Multiple Choice

Shore and Gardiner each own 10,000 S&G Corporation $12 par value shares which they purchased for $38 per share directly from the corporation. If Shore sells his shares to Gardiner for $475,000:

• A) Shareholders' equity of S&G Corporation increases.
• B) Assets of S&G Corporation increase.
• C) Shareholders' equity of S&G Corporation decreases.
• D) No account of S&G Corporation is affected.

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Definitions:

Plantae

A kingdom comprising all plants, characterized by being multicellular, eukaryotic, and photosynthetic.

Phylogenetic Systematics

A method of classifying organisms based on their evolutionary history and relationships, using phylogenetic trees.

Cladograms

A diagram used in cladistics which shows relations among organisms.

Molecular Clocks

Methods used to estimate the time of evolutionary events based on the hypothesis that genetic mutations accumulate at a predictable rate over time.