A company issued 155 shares of $100 par value stock for $35,500 cash. The total amount of contributed capital is: A $1,550 B $20,000 C $35,500 D $34,500 E $100

A company had a beginning balance in retained earnings of $43,000. It had net income of $6,000 and paid out cash dividends of $5,625 in the current period. The ending balance in retained earnings account is equal to: A $108,625 B $11,375 C $(11,375) D $(12,625) E $43,375

The following data regarding its common stock were reported by a corporation: Authorized shares 30,000 Issued shares 21,000 Treasury shares 4,200

The number of outstanding shares is: rev: A 34,200 B 16,800 C 30,000 D 25,800 E 21,000