At December 31, Year 1, Bolton Corporation Has Par Value

Multiple Choice

At December 31, Year 1, Bolton Corporation has par value common stock with a par value of $1.50 per share, Additional paid-in capital of $60,000, total shareholders' equity of $100,000, and retained earnings of $25,000.What is the number of common stock shares?

A) 5,000
B) 10,000
C) 15,000
D) 20,000
E) 25,000