If Tools Corporation Issues 5,000 Common Shares for $200,000, Which

question 134

Multiple Choice

If Tools Corporation issues 5,000 common shares for $200,000, which account will be credited?

• A)Common Shares
• B)Retained Earnings
• C)Contributed Surplus
• D)Cash

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Definitions:

Custody Of Children

The legal right or duty to care for and make decisions about a child's upbringing, awarded by a court to one or more parents or guardians.

Supportive Friends

Friends who provide emotional, practical, and sometimes financial support during both good and bad times.

Happiness And Marriage

Refers to the state of well-being and contentment that can arise from a harmonious and fulfilling marital relationship.

Equally Happy

The notion that people can achieve a similar level of happiness regardless of their varying circumstances or personal characteristics.