Which of the Following Is True for a Corporation That

question 213

Short Answer

Which of the following is true for a corporation that issues 1,000 shares of $2 par common stock at $5 per share?
a.The common stock account will increase by $5,000.
b.$2 per share is the maximum selling price for these shares of stock.
c.Total stockholders' equity will increase by $5,000.
d.The per share dividend amount on these shares is $2.

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Definitions:

Chronic Illness

An ongoing illness that requires regular medical attention and can affect a child’s normal activities.

Housing Situation

The conditions or circumstances related to the accommodation or residence where an individual or family lives.

Gang

An organized group of individuals often involved in criminal activities or behaviors that are intended to create a sense of identity or power within a community.

Automatic Acceptance

The unconditional and immediate acceptance of an individual or situation without the need for further verification or scrutiny.