A Corporation Received a Subscription for 1,000 Shares of 10

question 74

Multiple Choice

A corporation received a subscription for 1,000 shares of 10 percent, $100 par-value preferred stock at $103 a share. The entry to record this transaction consists of a debit to Subscriptions Receivable-Preferred for $103,000 and a credit to:

• A)Preferred Stock for $100,000 and a credit to Retained Earnings for $3,000.
• B)Preferred Stock Subscribed for $100,300.
• C)Preferred Stock Subscribed for $100,000 and a credit to Paid-in Capital in Excess of Par Value-Preferred Stock for $3,000.
• D)Preferred Stock Subscribed for $100,000 and a credit to Gain on Sale of Preferred Stock for
• $3,000.

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Definitions:

Independent Variables

Variables in an experiment or statistical model that are manipulated or changed to determine their effects on dependent variables.

Unadjusted Coefficient

A coefficient in a statistical model that has not been modified to account for potential confounding variables.

Independent Variables

Factors in a study or statistical model that are altered or classified to ascertain their impact on outcomes or dependent variables.

Data Points

Individual measurements or observations that are collected as part of a dataset.