Winshare Art Company Has Issued Only Common Stock

question 106

Multiple Choice

Winshare Art Company has issued only common stock. Currently it has 10,000 shares outstanding. The value of the stock is shown as $20 per share. In addition, $100,000 of Winshare's earnings have been reinvested in the business since it was founded. What is Winshare's total owners' equity?

• A) $300,000
• B) $200,000
• C) $100,000
• D) $2,000,000
• E) $100,020

---

Definitions:

Hormones

Chemical messengers produced by glands in the body that regulate physiological functions and behavior by traveling through the bloodstream to target organs.

Bloodstream

The network of blood vessels through which blood circulates in the body.

Secreted

The process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conservation of body's energy and restoring the body to a state of calm.