If Valley Corporation Issues 2,000 Common Shares for $140,000, Which

question 81

Multiple Choice

If Valley Corporation issues 2,000 common shares for $140,000, which account will be credited?

• A)Common Shares
• B)Retained Earnings
• C)Contributed Capital
• D)Cash

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Definitions:

Captive Breeding

The process of breeding animals in controlled environments within zoos, wildlife reserves, or other facilities to preserve endangered species.

Fertility Drugs

Medications used to treat infertility, enhancing reproductive potential by stimulating ovulation.

COSEWIC

The Committee on the Status of Endangered Wildlife in Canada, a committee that assesses and classifies the conservation status of wildlife species in Canada at risk of extinction.

Species At Risk

Organisms threatened with a high risk of extinction in the near future, either globally or within a specific geographic area.