A corporation purchases 200 of its common shares for $12 per share.Subsequently,all 200 shares are resold for $13 per share.The amount of revenue from these transactions is $200.

Question

Quizplus · Accepted Answer

The revenue can be calculated as follows:
- Revenue from purchase: 200 shares x $12 per share = $2,400
- Revenue from resale: 200 shares x $13 per share = $2,600
- Total revenue: $2,600 - $2,400 = $200
Therefore, the correct answer is B as the revenue is actually $200, not $0.

A Corporation Purchases 200 of Its Common Shares for $12