If Keene Company Issues 9,000 Shares of $5 Par Value

question 41

Multiple Choice

If Keene Company issues 9,000 shares of $5 par value common stock for $160,000, the account

• A) Common Stock will be credited for $45,000.
• B) Paid-in Capital in Excess of Par will be credited for $45,000.
• C) Paid-in Capital in Excess of Par will be credited for $160,000.
• D) Cash will be debited for $115,000.

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Definitions:

Statements

Financial records that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Non-negativity Constraints

are mathematical conditions in linear programming that require the variables to be zero or positive, never negative.

Feasible Region

In optimization problems, the set of all possible points that satisfy the problem's constraints.

Linear Programming

A mathematical technique used to maximize or minimize a linear objective function, subject to linear equality and linear inequality constraints.