New Corp Issues 2,000 Shares of $10 Par Value Common Stock

question 29

Multiple Choice

New Corp. issues 2,000 shares of $10 par value common stock at $16 per share. When the transaction is recorded, credits are made to

• A) Common Stock $20,000 and Paid-in Capital in Excess of Stated Value $12,000.
• B) Common Stock $32,000.
• C) Common Stock $20,000 and Paid-in Capital in Excess of Par $12,000.
• D) Common Stock $20,000 and Retained Earnings $12,000.

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Homeschooling

The education of children at home by their parents or tutors rather than in a traditional public or private school setting.

Extracurricular Activities

Activities that students participate in outside of the regular academic curriculum, such as sports, clubs, music, and arts, which can contribute to their personal and educational development.

Effectiveness Rates

The proportion or percentage in which a particular treatment, procedure, or strategy achieves its intended purpose.

African American

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