Alt Corp Issues 3,000 Shares of $10 Par Value Common Stock

question 277

Multiple Choice

Alt Corp. issues 3,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made to:

• A) Common Stock $30,000 and Paid-in Capital in Excess of Stated Value $12,000.
• B) Common Stock $28,000.
• C) Common Stock $30,000 and Paid-in Capital in Excess of Par Value $12,000.
• D) Common Stock $30,000 and Retained Earnings $12,000.

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Definitions:

Instructional Discourse

The structured communication or dialogue that takes place within educational settings, focused on imparting knowledge or skills.

Shirley Heath

A researcher in the field of linguistic anthropology, notable for her work on the ways in which language use varies according to social context and contributes to identity formation.

Home Discourse

The way in which families communicate and interact within the home, influencing children's linguistic and social development.

Cognitive Performance

The ability to perform tasks that require attention, memory, reasoning, problem-solving, and decision-making.