If Norben Company Issues 6,000 Shares of $5 Par Value

question 148

Multiple Choice

If Norben Company issues 6,000 shares of $5 par value common stock for $210,000, the account

• A)Common Stock will be credited for $210,000.
• B)Paid-in Capital in Excess of Par Value will be credited for $30,000.
• C)Paid-in Capital in Excess of Par Value will be credited for $180,000.
• D)Cash will be debited for $180,000.

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Definitions:

Ethnomethodology

A sociological perspective focusing on the ways people make sense of their everyday life and the methods they use to do so.

Symbolic Interactionism

A sociological perspective focusing on the roles that symbols, language, and communication play in the formation of self-concept and social order.

Mass Media

Forms of communication designed to reach large audiences through various mediums like television, radio, newspapers, and the internet.

Social Control

Mechanisms, strategies, and institutions used by society to regulate individual behavior and maintain social order.