Use the Following Information to Answer Questions 57-58

question 146

Multiple Choice

Use the following information to answer questions 57-58.
Minosh Corp. is authorized to issue 400,000 no par value common shares. Subscribers agree to purchase shares at $ 12 per share with a 30% down payment.
-The journal entry to record the issuance of the shares upon receipt of the final instalment includes a

• A) debit to Common Shares Subscribed for $ 900,000.
• B) credit to Common Shares for $ 670,000.
• C) credit to Common Shares for $ 270,000.
• D) debit to Subscriptions Receivable for $ 670,000.

---

Definitions:

Fallacy Of Division

The erroneous reasoning that what applies to a whole must also apply to all or some of its parts.

Eric Cartman

A fictional character from the animated television show "South Park", known for his abrasive and controversial behavior.

Composition

The way in which something is made up or formed from several parts or elements.

Parts And Wholes

A philosophical concept exploring the relationship between components (parts) and their collective entities (wholes), examining how parts interact and contribute to the identity and functionality of wholes.