Superior Has Provided the Following Information for Its Recent Year

question 112

Multiple Choice

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $20,000 and the year-end balance was $25,000.
The additional paid-in capital account balance increased $2,500 during the year.
The retained earnings balance at the beginning of the year was $75,000 and the year-end balance was $91,000.
Net income was $26,000.
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How much did Superior sell its common stock for during the year?

• A)$5,000.
• B)$2,500.
• C)$7,500.
• D)$27,500.

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Definitions:

Antigens

Antigens are substances, often foreign, that provoke an immune response in the body, especially the production of antibodies.

Monocytes

A type of white blood cell involved in the immune response, capable of differentiating into macrophages and dendritic cells to combat infection.

Phagocytosis

A cellular process where cells, usually immune cells, engulf and digest particles or pathogens to eliminate them.

Rheumatoid Factor

An autoantibody that is often present in the blood of individuals with rheumatoid arthritis and some other autoimmune diseases or infections.