East Asian Imports Inc

question 21

Multiple Choice

East Asian Imports Inc. issued 15000 shares of stock at a stated value of $8 per share. The total issue of stock sold for $15 per share. The journal entry to record this transaction would include a

• A) debit to Cash for $120000.
• B) credit to Common Stock for $120000.
• C) credit to Paid-in Capital in Excess of Par for $125000.
• D) credit to Common Stock for $125000.

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Definitions:

Bootstrap Standard Error

A method for estimating the standard error of a statistic by resampling with replacement from the original dataset and computing the statistic over many resamples.

Residents

Individuals who live in a specific area, city, or country, often referred to in the context of community demographics or citizenship.

Confidence Interval

A selection of values, garnered from statistical analysis of samples, presumed to contain the value of a cryptic population parameter.

Bootstrap Method

A statistical method that involves repeatedly sampling with replacement from a data set to estimate the sampling distribution and compute statistical accuracies.