ABC Sells 400 Shares of Its $20 Par Common Stock

question 47

Multiple Choice

ABC sells 400 shares of its $20 par common stock for $25.The entry would entail a credit(s) of:

• A)Cash of $10,000.
• B)Paid-in Capital in Excess of Par Value-Common for $8,000;Common Stock for $2,000.
• C)Paid-in Capital in Excess of Par Value-Common for $2,000;Common Stock for $8,000.
• D)Common Stock for $10,000.

Learn about the welfare state, social insurance programs, and government transfers as measures to combat poverty and provide social protection.

Understand the philosophical perspectives on economic fairness and the role of government in redistributing resources.

Acknowledge the impact of medical science progress on health care costs.

Understand the concept and rationale behind means-tested programs and their specific examples.

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Definitions:

Textual Analysis

The method of analyzing and interpreting texts to understand their meanings, structure, and context.

Identity Theft

Consists of stealing someone’s personal information (e.g., Social Security number, bank account, credit card number) and using it without their permission, usually to obtain money or goods.

Antisocial Behaviors

Behaviors that are harmful or lack consideration for the well-being of others, often violating social norms or laws.

Injunctive Norm

Social norms that are perceived as what is approved or disapproved of by others, guiding behavior by the expectations of others.