The Entry to Record the Issuance of 150 Shares of $5

question 143

Multiple Choice

The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing the corporation includes a credit to

• A) Organizational Expenses
• B) Goodwill
• C) Common Stock
• D) Cash

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Definitions:

Recreational Activities

Recreational activities are activities performed for enjoyment, amusement, or pleasure during one's leisure time.

Leisure

Free time spent away from work and essential tasks, often dedicated to relaxation, entertainment, or hobbies.

Hypodermic Needle Model

A communication theory that suggests mass media has a direct, immediate and powerful effect on its audience, likening the media influence to an injection given by a hypodermic needle.

Uses And Gratifications Model

A theory in mass communication that explores how individuals actively seek out media to fulfill specific needs or desires.