Cey, Incissued 10,000 Shares of Stock at a Stated Value of of $10/share.The

question 147

Multiple Choice

Cey, Inc.issued 10,000 shares of stock at a stated value of $10/share.The total issue of stock sold for $15/share.The journal entry to record this transaction would include a

• A)debit to Cash for $100,000.
• B)credit to Common Stock for $100,000.
• C)credit to Paid-in Capital in Excess of Par Value for $50,000.
• D)credit to Common Stock for $150,000.

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Definitions:

Safety Inventory

A buffer stock kept to protect against variability in demand or supply, ensuring sufficient product availability.

Capacity

The maximum output that a system, facility, or machine can produce under normal conditions over a given period.

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Sophisticated software solutions designed to optimize supply chain operations, from resource planning to production and distribution.

Computing Power

The capacity of a computer system to perform or process data, usually measured in terms of speed and computational ability.