If a Corporation Issues 2000 Shares of $1 Par Value

question 153

Multiple Choice

If a corporation issues 2000 shares of $1 par value common stock for $8000, the journal entry would include a credit to:

• A)Common Stock for $8000.
• B)Paid-in Capital in Excess of Par-Common for $8000.
• C)Common Stock for $2000.
• D)Retained Earnings for $2000.

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Definitions:

Communication

The exchange of information, ideas, messages, and emotions between individuals or groups, crucial for effective functioning in personal and professional settings.

Changes

The act or process of making something different, altering or modifying conditions, processes, or states.

Cross-Cultural Training

Education or training programs designed to prepare individuals to interact effectively with those of different cultural backgrounds, often crucial for international business operations.

Overseas Office

A branch or location of an organization situated in a country different from where the headquarters is located, to facilitate global operations.