Multiple Choice
Winshare Art Company has issued only common stock. Currently it has 10,000 shares outstanding. The value of the stock is shown as $20 per share. In addition, $100,000 of Winshare's earnings have been reinvested in the business since it was founded. What is Winshare's total owners' equity?
A) $300,000
B) $200,000
C) $100,000
D) $2,000,000
E) $100,020
Correct Answer:
Verified
Correct Answer:
Verified
Q101: Debts owed by a business are called<br>A)
Q102: In your own words, describe the relationship
Q103: The most common internal sources of data
Q104: Revenues ― cost of goods sold ―
Q105: Because information rules must be checked out
Q107: Long-term liabilities need not be repaid for
Q108: Data are always in numerical form.
Q109: A management information system is a system
Q110: All firms use the same management information
Q111: A manager at the executive level responsible