Korgen Company Sells Common Stock at Par Value, and Records

question 45

Multiple Choice

Korgen Company sells common stock at par value, and records a:

• A) debit to Common Stock and a credit to Cash.
• B) debit to Equipment and a credit to Common Stock.
• C) debit to Cash and a credit to Common Stock.
• D) debit to Cash, credit to Common Stock and a credit to Paid in Capital in Excess of Par Value-Common Stock.

---

Definitions:

Weight on the Future

This key-term may refer to the emphasis or consideration given to future outcomes or consequences in decision-making processes.

Canalization

A concept in genetics and developmental biology referring to the ability of an organism to produce the same phenotype regardless of variability in its environment or genotype.

Myelination

The coating of axons with myelin.

Differentiation

The processes by which behaviors and physical structures become specialized.