Elegant Corporation Received Subscriptions for 100 Shares of Its $105

question 42

Multiple Choice

Elegant Corporation received subscriptions for 100 shares of its $105 par value common stock for $124 per share. The entry to record the receipt of the subscriptions would include a:

• A) debit to Common Stock Subscribed for $10,500.
• B) debit to Subscriptions Receivable-Common Stock for $10,500.
• C) credit to Paid-in Capital in Excess of Par Value-Common for $1,900.
• D) credit to Common Stock to be Outstanding $12,400.

Understand the significance of family structures within slave communities and their impact on slave master strategies.

Identify and describe the contributions of Scottish immigrants to North American society.

Analyze the effects of slave codes on the lives of free blacks in North America.

Examine the reasons behind the Chesapeake planters' attraction to ironworks manufacturing.

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Definitions:

Michigan Department of Transportation

A state-level agency responsible for the construction, maintenance, and operation of roads and bridges in Michigan.

Median Mileage

The midpoint value of mileage data, where half of the vehicles have traveled more and half have traveled less, providing a measure of central tendency for vehicular use.

Fuel Economy

A measure of how far a vehicle can travel on a specific amount of fuel, usually expressed in miles per gallon (mpg) or liters per 100 kilometers (L/100km).

Environmental Protection Agency

A federal agency of the United States responsible for protecting human health and the environment by enforcing regulations based on laws passed by Congress.