The Entry to Record the Return of $300 of Supplies $\begin{array} { | c | r | r | } \hline \text { Cash } & 300 & \\\hline \text { Supplies } & & 300 \\\hline\end{array}$

question 62

Multiple Choice

The entry to record the return of $300 of supplies purchased on account would be:

• A) \(\begin{array} { | c | r | r | }
• \hline \text { Cash } & 300 & \\
• \hline \text { Supplies } & & 300 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | c | r | r | }
• \hline \text { Supplies } & 300 & \\
• \hline \text { Accounts Payable } & & 300 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | r | r | }
• \hline \text { Accounts Payable } & 300 & \\
• \hline \text { Supplies } & & 300 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | c | r | r | }
• \hline \text { Accounts Payable } & 300 & \\
• \hline \text { Capital } & & 300 \\
• \hline
• \end{array}\)

Comprehend the disadvantages and regulatory requirements associated with a company going public.

Distinguish between primary and secondary markets for securities.

Identify the regulatory bodies and their roles in the securities industry in Canada.

Understand the concept of equity carve-outs and their impact on public stockholders.

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