Shown Below Is Information Relating to the Shareholders' Equity of Reeve

question 25

Multiple Choice

Shown below is information relating to the shareholders' equity of Reeve Corporation as of December 31, 2009:
$\begin{array}{lr}8 \% \text { non-cumulative preference share, } \$ 100 \text { par } & \$ 600,000 \\\text { Ordinary shares, } \$ 10 \text { par, } 500,000 \text { shares authorized, } 120,000 \text { shares issued } & 1,200,000 \\\text { and outstanding } &\\\text { Share premium: ordinary share } & 600,000 \\\text { Retained earnings (Deficit) } & (60,000) \end{array}$



-Refer to the above data. What is issued and fully paid capital?

• A) $2,292,000.
• B) $1,800,000.
• C) $2,400,000.
• D) Some other amount.

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Definitions:

NAEYC

The National Association for the Education of Young Children, a professional organization in the United States that advocates for high-quality early childhood education.

Education

The act of getting or providing structured learning, particularly in an educational institution like a school or university.

Young Children

Typically refers to children in the early stages of life, often considered to be those under the age of eight.

Post-traumatic Stress Syndrome

A mental health condition that's triggered by a terrifying event, characterized by nightmares, flashbacks, and severe anxiety.