Simon Company Issued 4,000 Shares of Its $5 Par Value

question 110

Multiple Choice

Simon Company issued 4,000 shares of its $5 par value common stock in payment of its attorney's bill of $35,000. The bill was for services performed in helping the company incorporate. Simon should record this transaction by debiting

• A) Legal Expense for $20,000.
• B) Legal Expense for $35,000.
• C) Organization Expense for $20,000.
• D) Organization Expense for $35,000.

---

Definitions:

Study Nursing

The academic and practical pursuit focused on gaining knowledge and skills to care for individuals, families, and communities in terms of health and illness.

Analysis

The process of examining components or structures of a complex topic or substance systematically to understand its nature or determine its essential features.

Evaluation

The systematic assessment of the worth or significance of an object, project, or program.

Nursing Theory

A conceptual framework designed to guide nursing practice and provide a foundation for clinical decision-making.