Using the Following Accounts

question 34

Multiple Choice

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transaction.
-Exchanged common stock for a building and land when the stock was selling at a discount.
Debit ________ & ________ & ________ Credit ________

• A)Subscription receivable-common stock
• B)Cash
• C)Machinery
• D)Building
• E)Land
• F)Organization costs
• G)Preferred stock
• H)Common stock
• I)Paid in capital in excess of par value - common
• J)Paid in capital in excess of par value - preferred
• K)Common stock subscribed
• L)Discount on common stock
• M)Organization Expense

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Definitions:

Focal Animal

An individual selected for detailed observation in a study to gather data on specific behaviors or characteristics.

Ultrasonic Pulses

Sound waves with frequencies above the upper limit of human hearing, often used in medical imaging and animal navigation.

Evasive Manoeuvres

Actions taken by organisms, typically prey, to avoid or escape predators.

Ultimate-level Explanation

An analysis that addresses the evolutionary "why" behind behaviors or traits, focusing on their role in survival and reproduction.