Reference no: EM132591762

Presented below is information related to Oistins Corporation:

Subscriptions Receivable, Common Shares               $ 240,000

Common Shares, no par value                             7,620,000

Common Shares Subscribed                                  480,000

$ 4 Preferred Shares, no par value                           2,880,000

Retained Earnings                                                  1,800,000

Question 1: The total amount that will be added to the Common Shares account when the final subscriptions are received will be

Select one:

a. cannot be determined from the information given

b. 720,000

c. 240,000

d. 480,000