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James Yachts Has 2,000 Shares Outstanding Each with a Par

Question 2

Multiple Choice

James Yachts has 2,000 shares outstanding each with a par value of $0.07. If they are sold to shareholders at $7 each,what would the capital surplus be?


A) $10,000
B) $12,140
C) $13,250
D) $13.860
E) $14,000

Correct Answer:

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