Ninja Corporation issues 100,000 shares of common stock for $50 per share. The stock has a par value of $1 per share. By what amount would Ninja credit capital in excess of par?

options:

$4,900,000

$5,000,000

$5,100,000

$100,000

Question 7 ()

Kung Fu Corporation ended the year with revenues of $50,000 and expenses of $20,000. Its stockholders equity accounts total $300,000. Which of the following is Kung Fus return on equity for the year?

Question 7 options:

16.67%

2.00%

6.67%

10.00%