Tory Company Received the First Installment of $2,000 on a Common

question 106

Multiple Choice

Tory Company received the first installment of $2,000 on a common stock subscription.The entry to record the collection would include a:

• A)debit to Subscriptions Receivable-Common Stock for $2,000.
• B)credit to Common Stock Subscribed for $2,000.
• C)credit to Common Stock for $2,000.
• D)credit to Subscriptions Receivable-Common Stock for $2,000.

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Definitions:

Sexual Quiescence

A period of sexual inactivity or reduction in sexual desire, which might be natural or due to various psychological or physical factors.

Intellectual Skills

The cognitive abilities related to thinking, reasoning, problem-solving, and learning.

Motor Skills

The abilities required to control the muscles of the body for movement, including both gross and fine motor skills.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response which is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.