If a Corporation Issues 6000 Shares of $5 Par Value

question 42

Multiple Choice

If a corporation issues 6000 shares of $5 par value common stock for $91,000, the journal entry would include a credit to:

• A)Common Stock for $91,000.
• B)Paid-in Capital in Excess of Par-Common for $91,000.
• C)Common Stock for $61,000.
• D)Paid-in Capital in Excess of Par-Common for $61,000.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.