Use the Following Information to Answer Questions

question 24

Multiple Choice

Use the following information to answer questions
Prague Corp.is authorized to issue 400,000 no par value common shares.Subscribers agree to purchase shares at $15 per share with a 30% down payment.
-Assume that subscribers agree to purchase 50,000 shares and make the required down payment.The journal entry to record receipt of the subscriptions includes a

• A)debit to Common Shares Subscribed for $750,000.
• B)credit to Common Shares Subscribed for $750,000.
• C)credit to Common Shares for $225,000.
• D)credit to Subscriptions Receivable for $525,000.

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Definitions:

Beneficence

The ethical principle that advocates for actions that promote the welfare and well-being of others, often considered in medical and research contexts.

Moral Imperative

A duty or obligation guided by ethical considerations and principles, compelling an individual or society to act in a certain manner.

Altruism

The practice of selfless concern for the well-being of others.

Empirical Research

The process of collecting and analyzing data through observation or experiment to validate hypotheses or understand phenomena.