If 100 shares of $50 par value stock were issued at $75 per share, how much would constitute capital surplus?
a. $750
b. $7,500
c. $2,500
d. A corporation cannot issue stock for higher than the par value.
c
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Perdue found that one of its chicken products may have been contaminated with bacteria, so it pulled it off the shelves and instituted a recall. This potential ethical issue was associated with which element of the marketing mix?
A. price B. marketing communications C. product D. promotion E. distribution
The failure by an accountant to use the care of a reasonably competent accountant under the circumstances is:
a. negligence. b. material breach. c. substantial performance. d. fraud.
The Securities and Exchange Commission (SEC) cannot exercise control over stock trades by corporate insiders.
Answer the following statement true (T) or false (F)
Which of the following is a strategy of increasing sales of current products in new markets?
A. Diversification B. Product development C. Market share D. Market penetration E. Market development