Robert Haddon Contributed $70,000 in Cash and Some Land Worth $\begin{array}{|c|r|r|}\hline \text { Assets } & 200,000 & \\\hline \text { Common Stock } & & 200,000 \\\hline\end{array}$

question 47

Multiple Choice

Robert Haddon contributed $70,000 in cash and some land worth $130,000 to open a new business, RH Consulting. Which of the following general journal entries will RH Consulting make to record this transaction?

• A) \(\begin{array}{|c|r|r|}
• \hline \text { Assets } & 200,000 & \\
• \hline \text { Common Stock } & & 200,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array}{|c|c|c|}
• \hline \text { Cash and Land } & 200,000 & \\
• \hline \text { Common Stock } & & 200,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|c|r|r|}
• \hline \text { Cash } & 70,000 & \\
• \hline \text { Land } & 130,000 & \\
• \hline \text { Common Stock } & & 200,000 \\
• \hline
• \end{array}\)
• D) \(\begin{array}{|c|r|r|}
• \hline \text { Common Stock } & 200,000 & \\
• \hline \text { Cash } & & 70,000 \\
• \hline \text { Land } & & 130,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|c|r|r|}
• \hline \text { Common Stock } & 200,000 & \\
• \hline \text { Assets } & & 200,000 \\
• \hline
• \end{array}\)

---

Definitions:

Skill

An ability or expertise developed through practice and training, aimed at performing specific tasks effectively.

Participation

Involvement or taking part in a particular process, activity, or decision, typically within an organizational or group setting.

Ohio State Model

A leadership theory that derives from studies conducted at Ohio State University, identifying two dimensions of leadership behavior: consideration and initiating structure.

Initiating Structure

The degree to which a leader clearly defines and structures their role and the roles of their subordinates towards achieving set objectives.