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If a company's cost of goods sold is $200,000, beginning inventory is $30,000, ending inventory is $50,000 and $12,000 is annual insurance premium, what is the amount of purchases during the period? a) $180,000 b) $207,000 c) $229,000 d) $240,000 A company issues 10,000 shares of common stock at $25 per share. The par value is $5 per share and $30,000 is annual marketing expense. What is the amount of additional paid-in capital? a) $580,000 b) $280,000 c) $255,000 d) $150,100

If a company's cost of goods sold is $200,000, beginning inventory is $30,000, ending inventory is $50,000 and $12,000 is annual insurance premium, what is the amount of purchases during the period? a) $180,000 b) $207,000 c) $229,000 d) $240,000 A company issues 10,000 shares of common stock at $25 per share. The par value is $5 per share and $30,000 is annual marketing expense. What is the amount of additional paid-in capital? a) $580,000 b) $280,000 c) $255,000 d) $150,100

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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If a company's cost of goods sold is $200,000, beginning inventory is $30,000, ending inventory is $50,000 and $12,000 is annual insurance premium, what is the amount of purchases during the period? a) $180,000 b) $207,000 c) $229,000 d) $240,000 A company issues 10,000 shares of common stock at $25 per share. The par value is $5 per share and $30,000 is annual marketing expense. What is the amount of additional paid-in capital? a) $580,000 b) $280,000 c) $255,000 d) $150,100
Transcribed Image Text:If a company's cost of goods sold is $200,000, beginning inventory is $30,000, ending inventory is $50,000 and $12,000 is annual insurance premium, what is the amount of purchases during the period? a) $180,000 b) $207,000 c) $229,000 d) $240,000 A company issues 10,000 shares of common stock at $25 per share. The par value is $5 per share and $30,000 is annual marketing expense. What is the amount of additional paid-in capital? a) $580,000 b) $280,000 c) $255,000 d) $150,100
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