If a company has 300,000 common shares authorized, and has 250,000 shares issued at $3 a share, the Common Shares account would have a balance of:
A) $250,000.
B) $300,000.
C) $750,000.
D) $900,000.

Question

Quizplus · Accepted Answer

The Common Shares account balance is calculated by multiplying the number of shares issued by the price per share: 250,000 shares x $3 = $750,000.

If a Company Has 300,000 Common Shares Authorized, and Has