Anole Company was incorporated as a new business on January 1, 2016 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2016, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year
ended December 31, 2016, was $375,000. Refer to the information about Anole Company. The amount of Anole's total contributed capital at December 31, 2016, is
a. $60,000.
b. $120,000.
c. $180,000.
d. $555,000.
c
You might also like to view...
There is much discussion about saturation of fast-food franchises and the need for unconventional locations (such as schools, zoos, or U.S. naval bases) in the United States. This illustrates which retail life cycle stage?
a. introduction b. accelerated development c. maturity d. decline
The "payment for time not worked" category of benefits includes all absences from work except sick leaves and personal leaves taken by employees.
Answer the following statement true (T) or false (F)
According to the work of sociologist Graham Wallas, the four-step approach to the creative process includes
A. immersion, brainstorming, creation, and reality check. B. preparation, incubation, illumination, and verification. C. preparation, illumination, creation, and verification. D. preparation, immersion, creation, and verification. E. immersion, incubation, illumination, and creation.
The first step in the advertising campaign decision process is to:
A. make media decisions B. evaluate the campaign C. determine campaign objectives D. develop advertising copy E. make creative decisions